379 N 500 E Active Save Request In-Person Tour Request Virtual Tour
Provo,UT 84606
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,510 sqft
Price per Sqft $278
MLS Listing ID 2027397
Style Rambler/Ranch
Bedrooms 6
Full Baths 2
Construction Status Blt./Standing
HOA Y/N No
Abv Grd Liv Area 1,255
Year Built 1923
Annual Tax Amount $2,560
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 0.0x0.0x0.0
Property Description
Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants' parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property's value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There's potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Single-Family
Rooms
Basement Full
Main Level Bedrooms 3
Interior
Interior Features Basement Apartment,Disposal,Kitchen: Updated,Range: Gas,Range/Oven: Free Stdng.
Heating Forced Air,Gas: Central
Cooling Evaporative Cooling
Flooring Carpet,Hardwood
Inclusions Dryer, Range, Range Hood, Refrigerator, Washer, Window Coverings
Equipment Window Coverings
Fireplace No
Window Features Blinds
Appliance Dryer,Range Hood,Refrigerator,Washer
Exterior
Exterior Feature Entry (Foyer),Porch: Open
Garage Spaces 3.0
Carport Spaces 1
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Waterfront No
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Single Family
Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Porch Porch: Open
Total Parking Spaces 10
Private Pool false
Building
Lot Description Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain
Story 2
Sewer Sewer: Connected
Water Culinary
Finished Basement 100
Structure Type Brick,Composition
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Franklin
Middle Schools Farrer
High Schools Timpview
School District Provo
Others
Senior Community No
Tax ID 05-063-0021
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan