974 600Provo, UT 84601

Property Details for 974 600

Year built

1980

Lot size

1.13 AC

Property size (Sq ft)

26,112 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 24-unit multifamily portfolio situated in southwest Provo, Utah. Comprising six fourplex buildings on separate 1.13-acre parcels (APN 040100031), this property offers significant potential for value appreciation and cash flow generation. The portfolio boasts a total of 26,112 square feet, with each unit priced at $262,500, resulting in an overall asking price of $6,300,000 ($241.27 per square foot). Built in 1980, the property benefits from recent improvements, including new asphalt and the remodeling of eight apartments. While some units feature central air conditioning, the property presents a promising "turnaround project" currently in progress. The location is advantageous, situated across from a newer townhome development. Conventional financing is feasible for each building individually, offering favorable loan terms. Detailed financial information, including an APOD and proformas, is readily available upon request. This portfolio represents a compelling investment opportunity for those seeking strong returns in a desirable Utah market.

Location Insight

City

Provo

County

Utah

State

Utah

Latitude

40.2271

Longitude

-111.676

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