Homes for sale - 379 N 500 E, Provo, UT 84606

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Kelli Stoneman

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

$700,000

Est. payment - /mo

6 Beds

2 Baths

2,510 SqFt

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UPDATED:

10/04/2024 07:39 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,510 sqft

Price per Sqft $278

MLS Listing ID 2027397

Style Rambler/Ranch

Bedrooms 6

Full Baths 2

Construction Status Blt./Standing

HOA Y/N No

Abv Grd Liv Area 1,255

Year Built 1923

Annual Tax Amount $2,560

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 0.0x0.0x0.0

Property Description

Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants' parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property's value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There's potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Zoning Single-Family

Rooms

Basement Full

Main Level Bedrooms 3

Interior

Interior Features Basement Apartment, Disposal, Kitchen: Updated, Range: Gas, Range/Oven: Free Stdng.

Heating Forced Air, Gas: Central

Cooling Evaporative Cooling

Flooring Carpet, Hardwood

Inclusions Dryer, Range, Range Hood, Refrigerator, Washer, Window Coverings

Equipment Window Coverings

Fireplace No

Window Features Blinds

Appliance Dryer, Range Hood, Refrigerator, Washer

Exterior

Exterior Feature Entry (Foyer), Porch: Open

Garage Spaces 3.0

Carport Spaces 1

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Present Use Single Family

Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain

Porch Porch: Open

Total Parking Spaces 10

Private Pool false

Building

Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain

Story 2

Sewer Sewer: Connected

Water Culinary

Finished Basement 100

Structure Type Brick,Composition

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Franklin

Middle Schools Farrer

High Schools Timpview

School District Provo

Others

Senior Community No

Tax ID 05-063-0021

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Alliance Real Estate, PLLC

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Kelli Stoneman

+1(801) 337-6295

Broker Associate | License ID: 5656390-AB00

Broker Associate License ID: 5656390-AB00

379 N 500 E Provo, UT 84606

Kelli Stoneman

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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