625 S 200 E photo 1
1 / 53
> 4 Units
$61,000 reduction
Active
155Days on Market

$869,000

$183/sqft+3.6%/yrHome values in the 84663 zip code have grown an average of 3.6% per year over the last 5 years.

$930,000↓$61,000 (7%)Aug 25

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About This Property

I'm interested

MUST-SEE investment opportunity in the heart of Springville! Where else can you find two duplexes, a private cottage, a four-bay garage, and a workshop with full attic storage all on one property? Located just minutes from the freeway and nearly adjacent to an elementary school, this unique multi-unit property offers strong rental appeal. Duplex #1 at 615 S includes Unit A with an upstairs and partial basement totaling 4 bedrooms and 1 bathroom, along with Unit B, a 1-bedroom, 1-bathroom basement unit. Duplex #2 at 625 S includes Unit A with 3 bedrooms and 1 bathroom upstairs along with Unit B, a 1-bedroom, 1-bathroom basement unit. The property also includes a separate cottage at 623 S offering 1 bedroom and 1 bathroom. Additional features include a four-bay garage and a storage shed/barn with attic storage. No seller financing will be considered. This is a rare opportunity to own a versatile, income-producing property in a prime location. Recent updates have been completed throughout multiple units, including at 625 S where improvements feature a new roof, updated wiring, some new plumbing, a stacked washer and dryer, fresh paint throughout, new laminate flooring, a new range, and added window coverings. The 625 basement unit also includes updated wiring and new light fixtures. The cottage at 623 S has been significantly updated with all new wiring, a new AC unit, fresh paint, LVP flooring, a tankless water heater, and a new sewer line. At 615 S, the basement unit includes a new kitchen counter and sink. The property also features a new driveway. The current rent is $6,000/month which is $72,000/year, there is potential for more. Landlord pays water and sewer, averaging about $290 per month, while tenants are responsible for electricity and gas.

Property Features

Heating

Forced Air,Gas: Central

Flooring

Carpet,Laminate,Tile

Laundry

Electric Dryer Hookup

Interior Features

Range: Gas,Range/Oven: Free Stdng.

Exterior Features

Double Pane Windows,Out Buildings

Parking

Parking: Uncovered

Unit Breakdown

Type 1

4 bed · 1 bath · Square Feet: 1841

$1,600/mo

Type 2

1 bed · 1 bath · Square Feet: 485

$1,000/mo

Type 3

3 bed · 1 bath · Square Feet: 1045

$1,500/mo

Type 4

1 bed · 1 bath · Square Feet: 948

$900/mo

Type 5

1 bed · 1 bath · Square Feet: 440

$1,000/mo

Total Actual Rent(5 units)

$6,000/mo

Location

Estimated Monthly Payment

$4,786/mo

Down Payment$173,800 (20%)
Principal & Interest$4,407
Property Tax$216/mo
Insurance (est.)$163/mo
Est. Total$4,786/mo

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

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MLS# 2145361• Tax ID: 26-033-0087

Courtesy of Drew Armstrong, UtahRealEstate.Net · 801-636-3739 · drew@utahrealestate.net

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.

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Estimated Monthly Payment

$4,786/mo

Down Payment$173,800 (20%)
Principal & Interest$4,407
Property Tax$216/mo
Insurance (est.)$163/mo
Est. Total$4,786/mo

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

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2145361• Tax ID: 26-033-0087

Courtesy of Drew Armstrong, UtahRealEstate.Net · 801-636-3739 · drew@utahrealestate.net

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.

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Schools

Elementary

Cherry Creek

Middle School

Springville Jr

High School

Springville

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