339 S 600 W - Apartments FOR SALE


Provo, UT 84601
$2,295,000 USD
801-358-0970
339 S 600 W, Provo, UT for Sale
$2,295,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

339 S 600 W
Provo, UT 84601


OVERVIEW

This rare and lucrative investment opportunity features two buildings: one with 5 units and another with 6 units, all 1-bedroom, 1-bath apartments. Easy to keep occupied with incredible rental stability, current rents range from $1,000 to $1,250-highly competitive for the growing Provo market. Several units have undergone extensive remodeling, ensuring modern living spaces that attract and retain quality tenants. Key upgrades include a new roof on one building, new windows, irrigation sprinklers, updated flooring, and new water heaters throughout. On-site laundry is conveniently operated via a code system and is tenant-paid, adding additional revenue potential. Some units are separately metered for gas and electricity, while others share utilities. The property also boasts 8 covered parking stalls and ample additional parking-an uncommon amenity in Provo that sets this property apart from others. With its prime location in the heart of downtown Provo, this property offers easy access to shopping, dining, transportation, and employment hubs. Don't miss this rare chance to own a well-maintained, high-performing multi-family property in one of Utah's fastest-growing cities! Management Fees: $0 Annual Insurance: $8,999.15 Utilities: Paid by renters Annual Trash: $4,800 Annual Taxes: $6,801 Annual Repairs: $6,500

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$689 USD /SF

# OF UNITS

11

PRICE/UNIT

$208,636

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,774 SF

ZONING

R-2.5, Provo

APN/PARCEL ID

04-027-0029

ASK ABOUT THIS PROPERTY

Clay WinderKeller Williams Salt Lake CityMore Info
801-358-0970

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

Clay WinderKeller Williams Salt Lake CityMore Info
801-358-0970

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