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Heather Lane Fourplex 784 W Heather Ln

4 Unit Apartment Building $850,000 ($212,500/Unit) Provo, UT 84601

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Executive Summary

Two units have been fully remodeled with new cabinetry, floor coverings, paint, and newer appliance. One unit has
newer cabinetry but the carpet is tired. The fourth unit the tenant has lived there now for 12+ years and likes living there.
Their unit is not updated. Newer central air conditioning installed in three of the four units. Rents are low and can be
raised with minor remodel on one unit, and a full remodel on another. Upon remodeling, market rent for all units is
$1,400.
utahrealestate.com/2017711

Heather Lane Fourplex For Sale - Listing Information

Proforma (Current Rents)

Proforma (Market Rents)

Property Facts

Price	$850,000	Building Size	3,290 SF
Price Per Unit	$212,500	Average Occupancy	100%
Sale Type	Investment	No. Stories	2
No. Units	4	Year Built	1978
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment

Price	$850,000
Price Per Unit	$212,500
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Building Size	3,290 SF
Average Occupancy	100%
No. Stories	2
Year Built	1978
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.