Description
UPDATE- SELLER has decided to accept an offer they didn't want to pass on. Thanks to the other offers and for everyone who showed the property... Legal Triplex In Provo!! Near Provo's historic downtown area which has had large commercial investment in recent years. Several great food options within walking distance. Close to the Provo Front Runner Station and quick freeway access. This has been priced to allow for a large renovation budget. Amazing opportunity for those looking to fix and flip or fix and hold a multifamily property. Past tenants have mostly been BYU students and in the current condition the back unit rented for $550 a month and the basement unit rented for $650 a month and both included utilities at this price. The main floor front unit was occupied by the owner and hasn't been rented out. There is high demand for rents in this area and especially in the price point this renovated triplex will be in. Estimated rents if units are fully remodeled would be around $1200-$1300 on the upstairs front unit. Around $1200-$1300 on the basement unit and around $1000-$1100 on the upstairs back unit. For a total of around $3400 to $3700 a month in rents. (On the square footage figures we added the laundry area to the basement unit but it could be accessed and used from the basement or the upstairs front unit.) Each unit does have its own gas and electric meters. Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement.
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5BEDS
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0.29ACRES
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3BATHS
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01/2 BATHS
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2,480SQFT
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$181$/SQFT
School Information
Description
UPDATE- SELLER has decided to accept an offer they didn't want to pass on. Thanks to the other offers and for everyone who showed the property... Legal Triplex In Provo!! Near Provo's historic downtown area which has had large commercial investment in recent years. Several great food options within walking distance. Close to the Provo Front Runner Station and quick freeway access. This has been priced to allow for a large renovation budget. Amazing opportunity for those looking to fix and flip or fix and hold a multifamily property. Past tenants have mostly been BYU students and in the current condition the back unit rented for $550 a month and the basement unit rented for $650 a month and both included utilities at this price. The main floor front unit was occupied by the owner and hasn't been rented out. There is high demand for rents in this area and especially in the price point this renovated triplex will be in. Estimated rents if units are fully remodeled would be around $1200-$1300 on the upstairs front unit. Around $1200-$1300 on the basement unit and around $1000-$1100 on the upstairs back unit. For a total of around $3400 to $3700 a month in rents. (On the square footage figures we added the laundry area to the basement unit but it could be accessed and used from the basement or the upstairs front unit.) Each unit does have its own gas and electric meters. Square footage figures are provided as a courtesy estimate only and were obtained from 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.