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2042 S Nevada Ave

7 Unit Apartment Building $1,699,900 ($242,843/Unit) Provo, UT 84606

Executive Summary

Incredible investment opportunity generating an impressive $9,205 in gross monthly rental income! This well-maintained 7-plex boasts strong tenant occupancy and includes 6 spacious 2-bed, 1-bath units, plus an upgraded 3-bed, 2&1/2-bath unit featuring a private balcony deck for indoor/outdoor living and direct private garage access. Each unit has its own gas and power meters. Several units have received recent upgrades, including new flooring, kitchen cabinets, appliances, windows, fresh paint, and updated bathrooms. Residents enjoy private interior garages, with 10 guest parking spaces available. Ideally situated for students and young professionals, the property offers a prime location with a quick 9-minute commute to BYU and 15 minutes to UVU, as well as a short distance to a variety of major employers and businesses including those at East Bay Tech Park, Noorda College of Osteopathic Medicine, Nestle, Vanderhall and Little Giant Ladders. Nestled against the mountains, tenants can also enjoy nearby outdoor recreation, with the Bonneville Shoreline Trail and Weatherman's Lookout just minutes away.
Additionally, with convenient access to State Street and a 5-minute commute to I-15, residents benefit from a variety of nearby shopping, dining, and entertainment options. Don't miss out on this exceptional investment opportunity, Reach out for more details today! Buyer/Buyer's Agent to verify all information.

Property Facts

Price $1,699,900
Price Per Unit $242,843
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.44 AC
Building Size 7,164 SF
No. Stories 2
Year Built 1978
  • Listing ID: 33352985

  • Date on Market: 9/30/2024

  • Last Updated:

  • Address: 2042 S Nevada Ave, Provo, UT 84606

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