$1,149,998
$277/sqft+6.0%/yrHome values in the 84057 zip code have grown an average of 6.0% per year over the last 5 years, based on the Zillow Home Value Index.$1,150,000↓$2 (0%)Jan 22
MLS# 2125535• Tax ID: 47-037-0002• Quadruplex
This well cared for 4-plex has seen over $80,000 in recent capital improvements by licensed contractors. Three of the four units were extensively renovated with new stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, stainless steel farmhouse sinks, updated lighting, and fresh paint throughout. All units have AC. Since purchasing the property, the current owner has continued to improve and maintain the building. Recent upgrades include a new washer and dryer, new water heater, a new furnace, electrical updates, plumbing updates, new bath and shower, and refreshed landscaping. New excellent tenants have been placed since the purchase. The property is fully leased to great tenants at a combined rent of $6,100 per month. Units in this location lease in under ten days due to strong demand in Orem. This is a turn key, low maintenance asset in a highly desirable area. If you are looking for a clean, updated, and easy to manage investment with strong rent performance, this is an excellent option.
Heating
Forced Air,Gas: Central
Laundry
Electric Dryer Hookup
Exterior Features
Double Pane Windows
Parking
Parking: Uncovered
Unit 1
2 bed · 2 bath · Square Feet: 1064
$1,600/mo
Unit 2
2 bed · 2 bath · Square Feet: 1015
$1,300/mo
Unit 3
2 bed · 2 bath · Square Feet: 1015
$1,600/mo
Unit 4
2 bed · 2 bath · Square Feet: 1015
$1,600/mo
Total Actual Rent
$6,100/mo
Somewhat Walkable
Some Transit
Bikeable
37,620
$80,184
$398,400
$1,408
4.2% gross yield
63.4%
7,470 own · 4,309 rent
12,246
3.8% vacant
38.8%
Bachelor's or higher
28.3
9.7% poverty rate
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
Courtesy of Selling Salt Lake
Property data from UtahRealEstate.com. Appreciation rates from Zillow Home Value Index (ZHVI). Walkability data from Walk Score. Rent estimates from Rentometer. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.
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Cash flow, cap rate, IRR, 30-year projections
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$6,362/mo
Based on 20% down, 6.5% rate, 30-yr fixed. For estimation only.
Elementary
Sharon
Middle School
Canyon View
Above Average
High School
Orem
Average
School ratings from GreatSchools.org
