For Sale
$850,000

784 Heather LnProvo, UT 84601

Four-unit multifamily, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
This 1978-built Provo fourplex presents a compelling investment opportunity. The property boasts 3,290 square feet situated on a 0.24-acre lot at 784 W Heather Ln, Provo, UT 84601 (APN 410780015). The two-story building comprises four units, each currently priced at $212,500, with an overall asking price of $850,000 ($258.36/sq ft). Two units have undergone complete renovations, featuring new cabinetry, flooring, paint, and appliances. A third unit includes updated cabinetry but requires carpet replacement. The fourth unit, occupied by a long-term tenant, remains unrenovated. Three of the four units benefit from newer central air conditioning. Currently, rents are below market value, offering significant upside potential. With minor updates to one unit and a full remodel of another, market rent for all units is projected at $1,400 per month. This property offers a strong foundation for immediate income and substantial future growth. The property's location in Provo, Utah, provides access to a thriving rental market. This is a rare opportunity to acquire a multifamily property with immediate income and significant value-add potential. MLS #2017711.

Highlights

  • 1978-built fourplex in Provo, UT, offering significant value-add potential.
  • 3,290 sq ft building on a 0.24-acre lot (APN 410780015), located at 784 W Heather Ln, Provo, UT 84601.
  • Four units, each priced at $212,500, with a total asking price of $850,000 ($258.36/sq ft).
  • Two units fully renovated, one partially renovated, and one unrenovated unit with a long-term tenant.
  • Below-market rents offer substantial upside potential; projected market rent is $1,400/month per unit after minor updates.
  • MLS #2017711.

Property Details for 784 Heather Ln

Property type
Square Feet
3,290 SF
Year Built
1978
Buildings
1
Stories
2
Lot Size (sq. ft)
10,454 SF
Units
4

Location Insight

City
Provo
County
Utah
State
Utah
Latitude
40.223527020015
Longitude
-111.67250527955
784 Heather Ln, 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].
784 Heather Ln
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