Description
Discover an excellent investment opportunity in the heart of Orem, UT with this charming brick 4-plex. Situated very near State Street in a prime location, residents will enjoy easy access to nearby amenities, schools, shopping centers, and dining options. This property generates steady rental income with current leases grossing $4,650 per month! Tenants pay their own utilities, and with an in-place management team that would love to continue, this property is a turn-key investment you won't want to miss! The well-maintained units offer a convenient layout with 2 bedrooms and 1 bath units each with their own storage shed! The parking lot will easily fit 8 vehicles. The roof and main sewer line were replaced in the last 5 years and remain under warranty. Renovations of the interior of the units include new cabinets, new carpet, LVP and laminate flooring, new appliances, new blinds, and fresh paint. Come see this property before it's gone! Photos are of 3 updated 2 bed/1 bath units. Long-term tenant occupied 1 bed/1 bath unit has not been renovated since the current owner acquired the property. Square footage figures are provided as a courtesy estimate only and were obtained from the county records . Buyer is advised to obtain an independent measurement.
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7BEDS
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0.32ACRES
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4BATHS
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01/2 BATHS
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2,934SQFT
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$327$/SQFT
School Information
Description
Discover an excellent investment opportunity in the heart of Orem, UT with this charming brick 4-plex. Situated very near State Street in a prime location, residents will enjoy easy access to nearby amenities, schools, shopping centers, and dining options. This property generates steady rental income with current leases grossing $4,650 per month! Tenants pay their own utilities, and with an in-place management team that would love to continue, this property is a turn-key investment you won't want to miss! The well-maintained units offer a convenient layout with 2 bedrooms and 1 bath units each with their own storage shed! The parking lot will easily fit 8 vehicles. The roof and main sewer line were replaced in the last 5 years and remain under warranty. Renovations of the interior of the units include new cabinets, new carpet, LVP and laminate flooring, new appliances, new blinds, and fresh paint. Come see this property before it's gone! Photos are of 3 updated 2 bed/1 bath units. Long-term tenant occupied 1 bed/1 bath unit has not been renovated since the current owner acquired the property. Square footage figures are provided as a courtesy estimate only and were obtained from the county records . Buyer is advised to obtain an independent measurement.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-09-22T23:39:08.197. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.