339 S 600 W
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339 S 600 W
11 Unit Apartment Building $2,000,000 ($181,818/Unit) Provo, UT 84601
EXECUTIVE SUMMARY
This rare and lucrative investment opportunity features two buildings: one with 5 units and another with 6 units, all 1-bedroom, 1-bath apartments. Easy to keep occupied with incredible rental stability, current rents range from $1,000 to $1,250-highly competitive for the growing Provo market. Several units have undergone extensive remodeling, ensuring modern living spaces that attract and retain quality tenants. Key upgrades include a new roof on one building, new windows, irrigation sprinklers, updated flooring, and new water heaters throughout. On-site laundry is conveniently operated via a code system and is tenant-paid, adding additional revenue potential. Some units are separately metered for gas and electricity, while others share utilities. The property also boasts 8 covered parking stalls and ample additional parking-an uncommon amenity in Provo that sets this property apart from others. With its prime location in the heart of downtown Provo, this property offers easy access to shopping, dining, transportation, and employment hubs. Don't miss this rare chance to own a well-maintained, high-performing multi-family property in one of Utah's fastest-growing cities!
Management Fees: $0
Annual Insurance: $8,999.15
Utilities: Paid by renters
Annual Trash: $4,800
Annual Taxes: $6,801
Annual Repairs: $6,500
Management Fees: $0
Annual Insurance: $8,999.15
Utilities: Paid by renters
Annual Trash: $4,800
Annual Taxes: $6,801
Annual Repairs: $6,500
PROPERTY FACTS
| Price | $2,000,000 | Building Class | C |
| Price Per Unit | $181,818 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 6,105 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 94% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,000,000 |
| Price Per Unit | $181,818 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 6,105 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.31/1,000 SF |
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | $1,250 | 600 |
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Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 04-027-0029 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $670,175 |
PROPERTY TAXES
Parcel Number
04-027-0029
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$670,175
ZONING
| Zoning Code | R-2.5, Provo |
| R-2.5, Provo |
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339 S 600 W
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