Active
339 W 100 S #1-4
Springville UT, 84663
$950,000
$260.42 per sqft
Active
8 Beds
4 Baths
3,648 sqft
Multi-family
Built in 1976
**Request marketing brochure from listing agent for easily printable details - Also, can find attached in documents on the MLS** Property includes 4 units, each 2 bed 1 bath. R1-5 zoning with approval for multi-housing. Scheduled Gross Income is $63,000/year ($1,200/mo per unit for each of 2 units + $1,100/mo for 3rd unit ($100/mo reduction for this tenant helping with landscape/snow removal) + $1,250/mo for 4th unit + assumed $600/mo from garage/storage units, although landlord has not actively sought to find tenants to the units). 4-plex units are 912 SqFt. All units have been completely remodeled. Brand new furnaces, AC Units, water heaters, cabinets, solid surface counters, sinks, fixtures, windows and blinds, refrigerator and oven range, tub/shower, doors, LVP flooring, and new texture and paint. Each unit has a washer/dryer hookup. Each unit comes with a small outside storage shed ..... The property comes with 5, 12' x 29' wide garage storage units, and 1, 19' x 29' unit. Commercial storage us is currently non-conforming, meaning city only approves renting the garages to a tenant living in one of the two on-site 4-plexes. Owner owns the 6 east garage units (Owner of adjacent 4-plex owns the west 4 garage units). Seller estimates rents of $100/mo for smaller units and $150/mo for larger units (For Pro-forma, we are estimating average of $600/mo rent from these - seller has not pushed to rent them because of city guidelines for who can rent them, and only one unit is currently rented at $150/mo), with significant increases is roof is replaced/repaired and power garage openers are added. Owner pays for water & sewer (only one meter for theses). Storage units also only have one meter, so owner has been paying for any minimal electrical on those. Tenant pays for electrical and garbage through Springville City, and gas through Dominion. Each unit is separately metered ..... Landlord just completed remodel, and has 2, almost 3 of the 4 units already leased up. Very easy to show 4th unit - All are the same.
1987789
MLSⓇ ID
March 20, 2024
Listed
May 16, 2024
Updated
Map
339 W 100 S #1-4
Springville UT, 84663
Interior Features
Total Stories
0
Bedrooms
8
Total Bathrooms
4
Interior Features
Range/Oven: Free Stdng
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Gas: Central
Exterior/Building Features
Lot Size
0.39 Acres
Architectual Style
Stories: 2
Roof
Asphalt
Sewer
Sewer: Connected
School Information
School District
Nebo
High School
Springville
Elementary School
Westside
Other Property Details
Area Name
Provo; Mamth; Springville
Taxes
$4,048
Tax Frequency
Annually
Days on Market
55
Garage
Yes
Garage Spaces
12
Parking Total
18
View
No
County
Utah
Pool
No
Buyer Agency Compensation
3%
Listing History
Date | Event | Price |
---|---|---|
5/15/2024 | Price Change | $950,000 -10% |
Courtesy of Core Utah Real Estate
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 12:37 PM UTC, 5/16/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peter Morkel shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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