Homes for sale - 225 E 700 N, Provo, UT 84606

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Kelli Stoneman

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

$5,900,000

Est. payment - /mo

72 Beds

24 Baths

16,988 SqFt

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UPDATED:

10/01/2024 08:42 PM

Key Details

Property Type Multi-Family

Sub Type Twin

Listing Status Active

Purchase Type For Sale

Square Footage 16,988 sqft

Price per Sqft $347

MLS Listing ID 2026590

Style Other/See Remarks

Bedrooms 72

Full Baths 24

Construction Status Blt./Standing

HOA Y/N No

Year Built 2019

Annual Tax Amount $134,855

Lot Size 0.390 Acres

Acres 0.39

Lot Dimensions 0.0x0.0x0.0

Property Description

University Park Apartments, located at 225 E. 700 N., Provo, Utah, is one of Brigham Young University's closest off-campus student housing properties. Located only 75 yards from the southern border of BYU's campus, in the historic and student-dense Joaquin Neighborhood, University Park continuously enjoys full tenant occupancy due to its unbeatable next-door proximity to campus. While University Park used to be part of the tightly restricted BYU contracted housing, the university recently eliminated the need for students to live in contracted housing. University Park can now benefit from a broader renter base while having fewer landlord compliance requirements. This 2-story, all-brick property, built in 1971 and fully renovated in 2019, consists of 72 beds in twelve 3X2 units. Additionally, connected to the building is a 2 story, reinforced concrete, parking structure, which provides ample tenant parking. Provo, Utah was named the #1 strongest economy in the nation and enjoys a robust rental housing market. With its location just steps away from incredible outdoor recreation, popular restaurants and a wide variety of fun and enjoyable community locations and events, it has contributed to BYU becoming a destination for students from across the world. University Park has 100% occupancy and the overall off-campus vacancy rate at BYU is 1.6%.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Rooms

Basement See Remarks

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool false

Building

Finished Basement 100

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Provo Peaks

Middle Schools Centennial

High Schools Timpview

School District Provo

Others

Senior Community No

Tax ID 05-082-0007

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Listed by Redstone Residential Inc

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Kelli Stoneman

+1(801) 337-6295

Broker Associate | License ID: 5656390-AB00

Broker Associate License ID: 5656390-AB00

225 E 700 N Provo, UT 84606

Kelli Stoneman

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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