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Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $326
Subdivision South Meadows
MLS Listing ID 1890177
Sold Date 01/25/24
Style Stories: 1
Bedrooms 4
Construction Status Blt./Standing
HOA Y/N No
Year Built 1971
Annual Tax Amount $2,404
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 0.0x0.0x0.0
Property Description
*** House Hack Opportunity! Owner-Occupy For Only 5% Down*** Always RENTED! New roof in November 2023. North and south units were just barely remodeled. One unit vacant (was $1295/mo), the other occupied ($1,242 through April 30, 2024). Great tenants, great rents, great location. Close to new Super Target, amazing restaurants, verdant parks; easy access to I-15. Lease amounts: $2537/month ($1,295 (through March 31, 2024) & ). That's a 4.35% cap rate (if you impute 32% expenses). NOTE: This is confusing: Unit 991 S is vacant now, but it will be occupied at Closing; Unit 1003 S is occupied now, but it will be vacant at Closing. Seller Financing: Seller mortgage balance is at $285,000; cash out seller's equity; seller will finance at 5.5% amortized over 30 years with a 5-year balloon. Square footage figures are provided as a courtesy estimate only and were obtained from county. Buyer is advised to obtain an independent measurement.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family
Interior
Interior Features Den/Office, Range/Oven: Free Stdng., Dishwasher: Built-In
Heating Forced Air, Gas: Central
Flooring Carpet, Laminate
Fireplace false
Window Features Blinds,Part
Exterior
Exterior Feature Double Pane Windows, Patio: Open
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Waterfront No
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Accessibility Single Level Living
Porch Patio: Open
Parking Type Parking: Uncovered
Total Parking Spaces 2
Private Pool false
Building
Lot Description Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain
Faces West
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Spring Creek
Middle Schools Dixon
High Schools Provo
School District Provo
Others
Senior Community No
Tax ID 52-047-0004
Ownership Agent Owned
Acceptable Financing Cash, Conventional, FHA, Seller Finance, VA Loan
Horse Property No
Listing Terms Cash, Conventional, FHA, Seller Finance, VA Loan
Financing Conventional
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Kelli Stoneman
Broker Associate | License ID: 5656390-AB00
Broker Associate License ID: 5656390-AB00