$ 1,700,000
-
$1,700,000
Price -
29
Bed -
14
Bath -
11,805
SqFt -
0.52
Acre
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About the Listing 99002380 - 4022706
Seller is motivated and has reduced the price. Making this rare opportunity more affordable to own "The Cottages" of Springville, Utah. 100% occupied, 12-unit property conveniently located just off Main Street in the heart of Springville, Utah. Springville is strategically located between southern Provo and Spanish Fork, providing a convenient base for residents who work, study, or spend time in the surrounding area. This parcel consists of 3 duplexes, 6 single family homes, 9 individual garages. 29 total bedrooms, 14 baths. With current gross rents over $11,300 per month, an attractive cap rate, and projected long-term returns, this property is ideally positioned for both immediate cash flow and appreciation. All leases are monthly, except two units, giving the new owner an opportunity to evaluate adjustments as leases allow since rents have not been increased in several years. Buyers should independently verify market rent potentials, garage rent potentials, pet rent potentials and review the current leases. All units come with washer, dryer, refrigerator, range, dishwasher, window AC unit. Excluded items: Tenant personal property including but not limited to all microwaves, all curtain rods and drapes, all ring doorbells, all cameras. Buyer to verify with city all possible uses of this property including but not limited to hotel/motel, short term rental, bed and breakfast Inn all uses are subject to city approval and buyer to verify. Seller has adjacent parcel for sale see MLS #2189099. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Listing Highlights for 28 W 300 S
Interior Details
- Bedrooms: 29
- Bathrooms: 14 Full
- Appliances:
- Air Cond:
- Heating: Gas: Radiant
- Fireplaces:
- Floor: Carpet,Tile
- Basement:
- Other: Kitchen: Updated,Range/Oven: Free Stdng.,Dishwasher: Built-In
- Water: Culinary
Exterior Details
- Lot Description: Curb & Gutter,Fenced: Part,Sidewalks,View: Mountain
- Garage Capacity: 9 car
- Parking Spaces: 21
- Lot Dimensions: 0.0x0.0x0.0
- Zoning: Multi-Family
- Roof: Asbestos Shingle,Asphalt,Membrane
- Others: Porch: Open,Patio: Open,Blt./Standing
- Sewer: Sewer: Connected
- Parking Features: Covered,Parking: Uncovered,Detached
Financial Details
- Tax Amount: $8,345
- Taxes w/Assessments: N/A
- Tax/Property ID: 06-012-0009
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
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Listing Location
Questions About..
28 W 300 S Springville, UT 84663
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