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Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 16,562 sqft
Price per Sqft $196
MLS Listing ID 2085105
Style Stories: 2
Bedrooms 45
Year Built 1964
Annual Tax Amount $11,328
Lot Size 0.740 Acres
Property Sub-Type > 4 Units
Property Description
*** SELLER FINANCING with 3.5% interest rate for 2 years! *** Rare investment opportunity with significant immediate cashflow! This truly unique twelve-plex boasts large four-bedroom two-bathroom units, generating total monthly gross rents of $20,800. Current owner has experienced very low tenant turnover and has always had high demand for these large, family friendly units. All tenants are on a month-to-month contract. Major improvements made in the last 10 years include a metal roof and new water lines from the city meter to the buildings. Each unit has a wood burning fireplace in addition to a furnace. Large parking lot provides ample parking for tenants. Do not disturb tenants. Make offers subject to inspection. All information is provided as a courtesy - Buyer is advised to independently verify all information.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Carpet, Laminate, Tile
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Metal
Building
Lot Description Fenced: Part, Sprinkler: Auto-Full, View: Mountain
Sewer Sewer: Connected
Water Culinary
Structure Type Cinder Block,Stone,Stucco
New Construction No
Schools
Elementary Schools Provost
Middle Schools Centennial
High Schools Timpview
School District Provo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Equity Real Estate (Prosper Group)
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Jerome Bennett
Principal Broker | License ID: 5451352-PB00
Principal Broker License ID: 5451352-PB00