$ 399,900
-
$399,900
Price -
4
Bed -
3
Bath -
2,904
SqFt
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About the Listing 69996 - 87696,0
Legal, nonconforming duplex with strong in-place income, long-term tenancy, and immediate upside potential. Upper unit rents for $1,400/month on a month-to-month lease with a tenant in place since 2015, and the lower unit rents for $900/month with a recently renewed lease, both including utilities and internet. Current rents are below market and have not been adjusted in a couple of years, offering an immediate opportunity to increase cash flow. Major system updates have already been completed, including roof (2017), A/C (2019), furnace (2023), full repipe (2024), and basement improvements (2023), providing a solid foundation for long-term ownership. Located on Main Street in Springville, the property benefits from consistent rental demand, high visibility, and convenient access to I-15, Provo/Orem employment hubs, and nearby shops and restaurants, all within a growing South Utah County corridor and at an attractive price per square foot. The property is tenant-occupied and in need of cosmetic updates, presenting a clear value-add opportunity for an investor or owner-occupant looking to offset their mortgage with rental income. Ask about renovation loan options that allow buyers to finance improvements into the purchase and accelerate rental upside. No showings, do not disturb tenants, sold as-is with offer subject to inspection, interior photos and additional information available upon request, proof of funds required prior to release, seller financing not available.
Listing Highlights
Status
Active With Contingency
Days on Site
39
Property Type
Residential
MLS ®
2152447
Year Built
1948
Total Square Footage
2,904
Lot/Acreage
0.27
County
Utah
School District
Nebo
Elementary School
Brookside
Middle School
Springville Jr
High School
Springville
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Carpet,Hardwood
- Above Ground Sq Ft: 1452
- Below Ground Sq Ft: n/a
- Basement: Walk-Out Access
- Other: Bath: Primary,Disposal,Jetted Tub,Kitchen: Second,Mother-in-Law Apt.,Multiple Kitchens
- Water: Culinary
Exterior Details
- Lot Description: Fenced: Part,Road: Paved,Secluded,View: Mountain
- Garage Capacity: N/A
- Parking Spaces: 1
- Lot Dimensions: 0.0x0.0x0.0
- Zoning: Single-Family, Multi-Family, Commercial
- Roof: Asphalt
- Others: Patio: Covered,Storm Windows,Blt./Standing,ADU
- Sewer: Sewer: Connected,Sewer: Public
Financial Details
- Tax Amount: $2,597
- Taxes w/Assessments: N/A
- Tax/Property ID: 26-030-0039
- Tax Year: N/A
Payment Calculator
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Questions About..
551 S Main St Springville, UT 84663
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