$959,000
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7 Beds
4 Baths
2,934 SqFt
SOLD DATE : 10/03/2023
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,934 sqft
Price per Sqft $325
Subdivision Gappmayer
MLS Listing ID 1891429
Sold Date 10/03/23
Style Up And Down
Bedrooms 7
Construction Status Blt./Standing
HOA Y/N No
Year Built 1972
Annual Tax Amount $2,976
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Quadruplex
Property Description
Discover an excellent investment opportunity in the heart of Orem, UT with this charming brick 4-plex. Situated very near State Street in a prime location, residents will enjoy easy access to nearby amenities, schools, shopping centers, and dining options. This property generates steady rental income with current leases grossing $4,650 per month! Tenants pay their own utilities, and with an in-place management team that would love to continue, this property is a turn-key investment you won't want to miss! The well-maintained units offer a convenient layout with 2 bedrooms and 1 bath units each with their own storage shed! The parking lot will easily fit 8 vehicles. The roof and main sewer line were replaced in the last 5 years and remain under warranty. Renovations of the interior of the units include new cabinets, new carpet, LVP and laminate flooring, new appliances, new blinds, and fresh paint. Come see this property before it's gone! Photos are of 3 updated 2 bed/1 bath units. Long-term tenant occupied 1 bed/1 bath unit has not been renovated since the current owner acquired the property. 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.
Location
State UT
County Utah
Area Pl Grove; Lindon; Orem
Zoning Multi-Family
Interior
Interior Features Range/Oven: Free Stdng., Dishwasher: Built-In
Heating Electric
Flooring Carpet, Laminate
Equipment Storage Shed(s)
Fireplace false
Window Features Blinds
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Awning(s), Balcony, Basement Entrance, Double Pane Windows, Sliding Glass Doors
Utilities Available Natural Gas Not Available, Electricity Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Fenced: Part, Road: Paved, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain
Total Parking Spaces 8
Private Pool false
Building
Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sprinkler: Auto-Full, View: Mountain
Faces West
Sewer Sewer: Connected
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Windsor
Middle Schools Canyon View
High Schools Timpanogos
School District Alpine
Others
Senior Community No
Tax ID 40-002-0002
Acceptable Financing Cash, Conventional, FHA
Horse Property No
Listing Terms Cash, Conventional, FHA
Financing Seller Financing
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