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Kelli Stoneman

kelli@stonemangroup.com +1(801) 337-6295

$1,125,000

Est. payment - /mo

8 Beds

4 Baths

3,264 SqFt

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UPDATED:

09/26/2024 09:41 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,264 sqft

Price per Sqft $344

Subdivision Summertree

MLS Listing ID 2023265

Style Stories: 2

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1977

Annual Tax Amount $3,592

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 0.0x0.0x0.0

Property Description

352 S 150 W is a 3,264 SF turnkey, yet still value-add fourplex consisting of four 2BD/1BA units that are roughly 816 SF. The property was built in 1977 and has been very well-maintained by the current owner. All four units have been updated, and each unit has above average rents. The property boasts central heating and air conditioning, above range microwaves, tile or new plank flooring in the kitchen and bathroom, washer and dryers that are included, faux wood blinds in 2 units, newer oak or hickory cabinets and newer laminate counter tops. All units except unit 1 have dish washers. The property also has a sprinkler system, double pane windows and 8 parking spaces in the rear of the property. The average rent for a 2BD/1BA in the Orem area is $1,316. This property averages $1,393. There is also a $50 charge for water/sewer/trash, making the actual rental amount closer to an average of $1,443, or 9.6% higher than the average. 352 S 150 W is part of four fourplexes that are currently on the market from the same seller. The others are 330 S 150 W, 342 S 150 W and 372 S 150 W. An investor therefore has the opportunity to purchase 16 units that are all adjacent to one another. These fourplexes have top of market rents for a reason. The units have been taken care of and managed by a professional company that takes pride in having the best-in-class multifamily units. Other MLS Listings: 2023263, 2023266, 2023264

Location

State UT

County Utah

Area Orem; Provo; Sundance

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool false

Building

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Senior Community No

Tax ID 52-090-0030

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Listed by Pathway Properties, LLC

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Kelli Stoneman

+1(801) 337-6295

Broker Associate | License ID: 5656390-AB00

Broker Associate License ID: 5656390-AB00

352 S 150 W Orem, UT 84058

Kelli Stoneman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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