441 S 500 E - Apartments FOR SALE


Provo, UT 84606- Maeser
$899,900 USD
801-879-4642
441 S 500 E, Provo, UT for Sale
$899,900 USD
Apartments - FOR SALE
1/22
null | 6.3% Cap Rate

441 S 500 E
Provo, UT 84606
Maeser


OVERVIEW

SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market. NO BETTER DEAL than this: solid 6.55% cap (as is!) and near 7-cap pro forma simply by increasing rents (which are BELOW MARKET)! New 1-bed lease just signed at $1200/mo - already exceeding the conservative $1100 pro forma! **Upper 7-cap if self managed** UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Check out the pictures: NOT your "average" 6-plex. Tenants enjoy use of a secure, free laundry area in basement. Additional income opportunity also available through managing utilities differently (units metered separately!). LOCATION: near BYU, with quick access to I-15 & Provo downtown entertainment, restaurants, & shopping. Purchase the neighboring 6-plex (same seller) for operational efficiencies! 5 1-bed units; 1 2-bed unit. Square footage per county records. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$205 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,983

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

05-048-0007

ASK ABOUT THIS PROPERTY

Ashley CurtisPrime Real Estate ExpertsMore Info
801-879-4642

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Ashley CurtisPrime Real Estate ExpertsMore Info
801-879-4642

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