232 N 250 E, Orem, UT 84057

$2 reduction

Active

181Days on Market

1 / 30

$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.

$1,150,000↓$2 (0%)Jan 22

MLS# 2125535• Tax ID: 47-037-0002• Quadruplex

Mountain View

Price history — protected

Price history is available to our clients. Request access and your agent will reach out.

Est. payment

$6,209/mo

About This Property

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.

Property Features

Heating

Forced Air,Gas: Central

Laundry

Electric Dryer Hookup

Exterior Features

Double Pane Windows

Parking

Parking: Uncovered

Unit Breakdown

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

Location

Courtesy of Selling Salt Lake

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.