168 300Provo, UT 84606

Property Details for 168 300

Year built

1942

Lot size

0.18 AC

Property size (Sq ft)

4,716 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2315

Longitude

-111.653

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