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> 4 Units

Active

12Days on Market

$899,900

$205/sqft+3.1%/yrHome values in the 84606 zip code have grown an average of 3.1% per year over the last 5 years.

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About This Property

I'm interested

SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market. NO BETTER DEAL than this: solid 6.55% cap (as is!) and near 7-cap pro forma simply by increasing rents (which are BELOW MARKET)! New 1-bed lease just signed at $1200/mo - already exceeding the conservative $1100 pro forma! **Upper 7-cap if self managed** UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Check out the pictures: NOT your "average" 6-plex. Tenants enjoy use of a secure, free laundry area in basement. Additional income opportunity also available through managing utilities differently (units metered separately!). LOCATION: near BYU, with quick access to I-15 & Provo downtown entertainment, restaurants, & shopping. Purchase the neighboring 6-plex (same seller) for operational efficiencies! 5 1-bed units; 1 2-bed unit. Square footage per county records. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.

Property Features

Interior Features

Kitchen: Updated

Unit Breakdown

Type 1×5

1 bed · 1 bath · Square Feet: 731

$1,003/mo each

= $5,015/mo

Type 2

2 bed · 1 bath · Square Feet: 731

$1,200/mo

Total Actual Rent(6 units)

$6,215/mo

Location

Estimated Monthly Payment

$5,020/mo

Down Payment$179,980 (20%)

Principal & Interest$4,564

Property Tax$287/mo

Insurance (est.)$169/mo

Est. Total$5,020/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2179047• Tax ID: 05-048-0007

Courtesy of Niki R Worthington, Prime Real Estate Experts · nworthingtonrealestate@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.