379 N 500 E, Provo, UT 84606

  • $700,000
  • $700,000
379 N 500 E, Provo, UT 84606
For Sale

379 N 500 E, Provo, UT 84606

379 N 500 E, Provo, UT 84606
  • $700,000
  • $700,000

Overview

Property ID: HZ10372008
  • Residential
  • Property Type
  • 6
  • Bedrooms
  • 2
  • Bathrooms
  • 3
  • Garages
  • 2510.0
  • Square Feet
  • 1923
  • Year Built

Description

Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants’ parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property’s value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There’s potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.

  • Address 379 N 500 E
  • City Provo
  • State/county UT
  • Zip/Postal Code 84606
  • Country United States

Details

Updated on October 4, 2024 at 1:48 pm
  • Property ID: HZ10372008
  • Price: $700,000
  • Property Size: 2510.0 Square Feet
  • Land Area: 0.17 Acres
  • Bedrooms: 6
  • Bathrooms: 2
  • Garages: 3
  • Year Built: 1923
  • Property Type: Residential
  • Property Status: For Sale
  • Living Area: 2510.0
  • MLS#: 2027397
  • Office Name: ALLIANCE REAL ESTATE, PLLC
  • Agent Name: Christine Alleman
  • MLS Status: Active
  • Living Area Prefix: Square Feet

Additional details

  • Roof: Asphalt
  • View: Mountain(s)
  • Sewer: Sewer: Connected
  • Cooling: Evaporative Cooling
  • Heating: Forced Air,Gas: Central
  • Tax Annual: 2560
  • Flooring: Carpet,Hardwood
  • County: Utah
  • Property SubType: Single Family Residence
  • Parking: Covered
  • Elementary School: Franklin
  • Middle/Junior School: Farrer
  • High School: Timpview
  • Water Source: Culinary
  • Lot Features: Curb & Gutter,Fenced: Part,Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain
  • Window Features: Blinds
  • Patio And Porch Features: Porch: Open

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