37 S 700 W - Apartments FOR SALE


Provo, UT 84601- Franklin
$739,000 USD
801-319-7574
37 S 700 W, Provo, UT for Sale
$739,000 USD
Apartments - FOR SALE
1/17
null | 4.09% Cap Rate

37 S 700 W
Provo, UT 84601
Franklin


HIGHLIGHTS

  • Prime Provo location near BYU, UVU, and downtown, with quick freeway access
  • Strong rental market with consistent demand and long-term appreciation
  • 2-Bedroom Unit, (2) 1-Bedroom Units, Studio Apartment

OVERVIEW

Excellent opportunity to acquire a well-maintained 4-plex in a prime Provo location near BYU, UVU, and downtown, with quick freeway access. Property includes 4 units: a 2-bedroom, two 1-bedroom, and a studio apartment. Building has had remodel updates throughout under current ownership as well as a new boiler system and upgraded electrical systems. Features onsite shared laundry hookups, ample onsite parking and separate electric meters. Studio unit is currently vacant, offering immediate rent increase. May be owner-occupied with remaining units providing rental income. Strong rental market with consistent demand and long-term appreciation potential. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

FOR SALE DETAILS

PRICE

$739,000 USD

PRICE/SF

$308 USD /SF

# OF UNITS

4

PRICE/UNIT

$184,750

CAP RATE

4.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Commercial Zone

APN/PARCEL ID

04-055-0013

ASK ABOUT THIS PROPERTY

Loree BeveridgeApex Commercial - KW South Valley Keller WilliamsMore Info
801-319-7574

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Loree BeveridgeApex Commercial - KW South Valley Keller WilliamsMore Info
801-319-7574

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.