For Sale
$935,000

168 300Provo, UT 84606

Four-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional four-unit apartment building presents a compelling investment opportunity in Provo, Utah. Located at 168 S 300 E, this property boasts a total of 4,716 square feet situated on a 0.18-acre lot, zoned R16. Built in 1942 and extensively renovated in 2023, the property offers a blend of classic charm and modern updates. Currently fully occupied, generating a Net Operating Income (NOI) of $52,500 and a 5.61% cap rate, this asset provides immediate cash flow. The asking price is $935,000, translating to $233,750 per unit and $198.26 per square foot. The property's prime location, just 1.3 miles from Brigham Young University (BYU), ensures high tenant demand and easy access to shopping, dining, and recreational amenities like Slate Canyon Park and Trail. The strong tenant history, including one long-term resident since 2016, contributes to the property's consistent rental income. The scheduled gross income is $61,560. This property is located in an Opportunity Zone, offering potential tax advantages. All units feature garage parking. Offers are subject to inspection. Financial details, including rent rolls and expenses, are available upon request. This is a turnkey investment ready to generate immediate returns.

Highlights

  • Located in an Opportunity Zone.
  • 100% Occupancy.
  • Recently renovated apartment units.
  • On-site garage parking available.
  • 1.3 miles from Brigham Young University.

Property Details for 168 300

Property type
Apartment buildings
Square Feet
4,716 SF
Year Built/Renovated
1942/2023
Buildings
1
Lot Size (sq. ft)
7,841 SF
Units
4

Location Insight

City
Provo
County
Utah
State
Utah
Latitude
40.231471887935
Longitude
-111.6534518102
168 300, Provo, Utah

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
168 300
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message