820 E Center St - Apartments FOR SALE


Provo, UT 84606- Maeser
$3,800,000 USD
801-736-2632
820 E Center St, Provo, UT for Sale
$3,800,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

820 E Center St
Provo, UT 84606
Maeser


HIGHLIGHTS

  • METICULOUSLY MAINTAINED: This Property has been well-maintained and updated to minimize capital expenditures and deferred maintenance for a new owner.
  • REVENUE UPSIDE: Multiple units have discounted rents, providing an opportunity for the new owner to bring them up to market rates.
  • WELL-POSITIONED: Located on Center Street, tenants have quick access to major employment centers, universities, and entertainment.

OVERVIEW

Marcus & Millichap is pleased to announce the exclusive listing of 800 East Center Street Apartments. Located in the growing Provo market, this opportunity offers a meticulously maintained property. Multiple units with discounted rents provide upside for a new owner by bringing them up to market rates. New ownership can introduce pet fees to further boost the property's revenue. 800 East Center Street benefits from it's proximity to downtown and I-15. Provo is considered one of the state's larger business centers and offers various economic and recreational appeals. Large companies and schools nearby such as Brigham Young University, Vivint, and Qualtrics add to the strong and growing local economy.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

19

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

38-004-0032

ASK ABOUT THIS PROPERTY

Evan ClarkMarcus & MillichapMore Info
801-736-2632

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Evan ClarkMarcus & MillichapMore Info
801-736-2632

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