720 E 1720 S photo 1
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Quadruplex
$10,000 reduction
Active
30Days on Market

$935,000

$234/sqft+3.7%/yrHome values in the 84097 zip code have grown an average of 3.7% per year over the last 5 years.

$945,000↓$10,000 (1%)Aug 3

Cul-de-Sac

Price history — protected

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About This Property

I'm interested

Well-maintained, fully leased fourplex in one of Orem's most desirable and convenient rental locations. Fourplex featuring four townhouse-style units, each offering 1,000 square feet with 2 bedrooms and 1.5 bathrooms. Each unit includes washer and dryer hookups, central A/C, and central heating, with numerous updates completed throughout the property. Improvements include A/C installation, a roof replaced in 2018, driveway asphalt replaced, updated countertops in multiple units, two units with dishwashers, new carpet in one unit, and a new tub and shower surround in another unit. Current monthly rental income is $5,550, with rents of $1,350, $1,300 (month-to-month), $1,450, and $1,450 (month-to-month). Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash. Situated on a 0.268-acre cul-de-sac lot with ample space behind the building, the property is conveniently located near University Place Mall and within 10 minutes of UVU, BYU, and I-15. Combining strong property condition with a prime Orem location, this fourplex presents an excellent long-term investment opportunity. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.

Property Features

Heating

Gas: Central

Flooring

Carpet,Laminate,Tile

Parking

Parking: Uncovered

Unit Breakdown

Type 1×4

2 bed · 2 bath · Square Feet: 1000

$0/mo each

= $0/mo

Total Actual Rent(4 units)

$0/mo

Location

Estimated Monthly Payment

$5,243/mo

Down Payment$187,000 (20%)
Principal & Interest$4,742
Property Tax$326/mo
Insurance (est.)$175/mo
Est. Total$5,243/mo

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

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MLS# 2174532• Tax ID: 37-022-0002

Courtesy of Joshua Spackman, Rock Canyon Real Estate LLC · 385-309-7824 · jspackman8@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.

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Estimated Monthly Payment

$5,243/mo

Down Payment$187,000 (20%)
Principal & Interest$4,742
Property Tax$326/mo
Insurance (est.)$175/mo
Est. Total$5,243/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# 2174532• Tax ID: 37-022-0002

Courtesy of Joshua Spackman, Rock Canyon Real Estate LLC · 385-309-7824 · jspackman8@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.

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