Homes for sale - 339 S 600 W, Provo, UT 84601

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Brian Gihana

bgihana@gmail.com +1801656100

$ 1,795,000

Est. payment | -/mo

11 Beds

11 Baths

6,105 SqFt

Save

$ 1,795,000

Est. payment | -/mo

Save

11 Beds

11 Baths

6,105 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,105 sqft

Price per Sqft $294

MLS Listing ID 2051311

Style Up And Down

Bedrooms 11

Construction Status Blt./Standing

HOA Y/N No

Year Built 1970

Annual Tax Amount $6,801

Lot Size 0.430 Acres

Acres 0.43

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

New Price + Fully Leased Turnkey Opportunity! The property is 100% occupied, providing immediate cash flow in a prime Provo location. This investment includes two buildings (339 & 347) with 11 total units generating $12,320/month gross rent (339: Unit 1 - $1,100, Unit 2 - $1,090, Unit 3 - $1,095, Unit 4 - $1,235, Unit 5 - $1,085, Unit 6 - $1,000; 347: Unit 1 - $1,100, Unit 2 - $1,250, Unit 3 - $1,095, Unit 4 - $1,200, Unit 5 - $1,070). Two units are fully renovated, with all others in good condition. Tenants pay their own utilities through the property manager, and on-site laundry provides a great amenity to the tenants with revenue going to the vendor. If interested, Seller financing is available for up to 1 year with 20% down, 6% interest-only payments ($7,180), 0.5% origination fees at 6 and 9 months, and a 12-month balloon. Sale is lender-approved and not part of a 1031 exchange. Seller is motivated due to an unrelated financial obligation to the aforementioned lender. Showings: Interior tours are not available due to full occupancy unless under contract. Exterior tours are welcome at your convenience (please do not disturb tenants), and a video walkthrough from June is available here (https://youtu.be/MDr0znhmsLg). This is a rare, fully leased investment property offering strong turnkey income in a desirable Provo location.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Zoning Multi-Family

Interior

Interior Features Range/Oven: Free Stdng.

Heating Gas: Central

Flooring Carpet, Laminate

Inclusions Freezer, Range, Washer

Fireplace No

Window Features Blinds

Exterior

Carport Spaces 8

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Fenced: Part, Road: Paved, Sidewalks

Handicap Access Single Level Living

Total Parking Spaces 26

Private Pool No

Building

Lot Description Fenced: Part, Road: Paved, Sidewalks

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Franklin

Middle Schools Dixon

High Schools Provo

School District Provo

Others

Senior Community No

Tax ID 04-027-0029

Acceptable Financing Cash, Conventional, Seller Finance

Listing Terms Cash, Conventional, Seller Finance

Listed by KW WESTFIELD

+1801656100

bgihana@gmail.com

5965 S 900 E, Murray, UT

339 S 600 W Provo, UT 84601