$785,000
$809,900
3.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
3,864 SqFt
SOLD DATE : 02/28/2020
Key Details
Sold Price $785,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,864 sqft
Price per Sqft $203
Subdivision Plat D The Meadow
MLS Listing ID 1645631
Sold Date 02/28/20
Style Up And Down
Bedrooms 8
Construction Status Blt./Standing
HOA Fees $544/mo
HOA Y/N Yes
Year Built 2016
Annual Tax Amount $3,071
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0.0x0.0x0.0
Property Description
THIS GEM IS BACK ON MARKET! (Buyer financing failed.) CASH BUYER WHO CAN CLOSE IN 2 WEEKS CAN GET IT FOR $800K! -- Beautiful Provo 4-plex built in 2016 - 5% CAP Rate! This beautiful, condo style flat 4-unit apartment building was completed in Dec, 2016. 'The Meadows' Apartment complex consists of four identical 4-plex buildings, conveniently located near downtown Provo, BYU and UVU and two I-15 freeway entrances. Parks, LDS church and Provo Frontrunner (commuter train) station is in walking distance. Great access to shopping, dining, and entertainment. This single story floor plan provides you with approximately 966 square feet of living space into comfortable and workable sections that function intuitively with how you compartmentalize your life. As you walk in, you immediately enter a bright, spacious and open living room, kitchen with granite countertops. You'll find 2 large bedrooms with one attached bath and spacious walk-in closets. There's a laundry utility closet off the kitchen for easy access. This property has always rented FAST with minimum marketing effort and attracts great quality tenants. All units are currently occupied. Current rents are $1,195, $1,195, $1,200 & $1,150 ($4,740). -- HOA covers Water, Sewer, Trash, Lawn Care, Snow Removal, Structural Insurance, Common Space Cleaning/Maintenance & Google Fiber internet. This building is agent owned. I purchased this building during construction and I have been the only owner. It has been an extremely low maintenance, high performing investment.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family
Interior
Interior Features Closet: Walk-In, Range/Oven: Free Stdng., Dishwasher: Built-In
Heating Forced Air, Gas: Central
Flooring Carpet, Linoleum
Fireplace false
Window Features Blinds
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Lighting
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Amenities Available Other, Insurance, Maintenance, Pets Permitted, Sewer Paid, Snow Removal, Trash, Water
Waterfront No
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, Private
Accessibility Fully Accessible, Accessible Entrance, Single Level Living, Customized Wheelchair Accessible
Total Parking Spaces 10
Private Pool false
Building
Lot Description Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Private
Faces South
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Stone,Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Sunset View
Middle Schools Centennial
High Schools Provo
School District Provo
Others
HOA Name HOA West - Tom Howells
HOA Fee Include Insurance,Maintenance Grounds,Sewer,Trash,Water
Senior Community No
Tax ID 46-940-0004
Ownership Agent Owned
Acceptable Financing Cash, Exchange
Horse Property No
Listing Terms Cash, Exchange
Financing Conventional
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Bought with Summit Realty, Inc.