370 W 400 N - Apartments FOR SALE


Provo, UT 84601
$2,450,000 USD
801-303-5402
370 W 400 N, Provo, UT for Sale
$2,450,000 USD
Apartments - FOR SALE
1/15
null | 5.18% Cap Rate

370 W 400 N
Provo, UT 84601


HIGHLIGHTS

  • Turnkey Property
  • Great Location Near Central Business District & BYU
  • Above Average Rental Rates
  • Very Well-Maintained Units
  • Central Heating & Cooling
  • Plenty of Parking

OVERVIEW

370 W 400 N is a well-maintained, turnkey 10-unit multifamily property, built in 1974. It consists of all 2BD/1BA units that are approximately 890 SF. This property offers an excellent opportunity for investors seeking a stable, income-generating asset with a strong history of upkeep and tenant demand. The property was appraised at $2,450,000 on June 25, 2023. The current asking price reflects a 5.18% cap rate, offering investors a strong return on investment with a well-maintained, high-demand asset.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

10

PRICE/UNIT

$245,000

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

-

APN/PARCEL ID

04-108-0006

ASK ABOUT THIS PROPERTY

Vicente CantuaCushman & WakefieldMore Info
801-303-5402

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Vicente CantuaCushman & WakefieldMore Info
801-303-5402

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