2042 S Nevada Ave - Apartments FOR SALE


Provo, UT 84606- Provo South
$1,599,000 USD
385-345-8076
2042 S Nevada Ave, Provo, UT for Sale
$1,599,000 USD
Apartments - FOR SALE
1/24
null | 4.16% Cap Rate

2042 S Nevada Ave
Provo, UT 84606
Provo South


HIGHLIGHTS

  • Strong tenant occupancy.
  • Several units have been recently upgraded.
  • Ideally situated for young professionals.
  • Convenient access to State Street, and just 5-minutes to I-15.

OVERVIEW

Incredible investment opportunity generating an impressive $9,175 in gross monthly rental income! This well-maintained 7-plex boasts strong tenant occupancy and includes 6 spacious 2-bed, 1-bath units, plus an upgraded 3-bed, 2&1/2-bath unit featuring a private balcony deck for indoor/outdoor living and direct private garage access. Each unit has its own gas and power meters. Several units have received recent upgrades, including new flooring, kitchen cabinets, appliances, windows, fresh paint, and updated bathrooms. Residents enjoy private interior garages, with an additional 10 guest parking spaces available. Ideally situated for students and young professionals, the property offers a prime location with a quick 9-minute commute to BYU and 15 minutes to UVU, as well as a short distance to a variety of major employers and businesses including those at East Bay Tech Park, Noorda College of Osteopathic Medicine, Nestle, Vanderhall and Little Giant Ladders. Nestled against the mountains, tenants can also take advantage of nearby outdoor recreation, with the Bonneville Shoreline Trail and Weatherman's Lookout just minutes away. Additionally, with convenient access to State Street and a 5 minute commute to I-15, residents benefit from a variety of nearby shopping, dining, and entertainment options. Don't miss out on this exceptional investment opportunity, Reach out for more details today! Buyer/Buyer's Agent to verify all information.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

7

PRICE/UNIT

$228,429

CAP RATE

4.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

RC

APN/PARCEL ID

46-162-0001,46-162-0002,46-162-0003,46-162-0004,46-162-0005,46-162-0006,46-162-0007

ASK ABOUT THIS PROPERTY

Brycen WoodleyWoodley Real EstateMore Info
385-345-8076

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Brycen WoodleyWoodley Real EstateMore Info
385-345-8076

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.