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Kristin Deveraux

kristin@voxrealty.com +1(801) 259-6838

$2,325,000

Est. payment - /mo

20 Beds

15 Baths

8,625 SqFt

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Open House

Sat Sep 06, 10:00am - 1:00pm

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Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,625 sqft

Price per Sqft $269

Subdivision West Field Central

MLS Listing ID 2109234

Style Five-Plex

Bedrooms 20

Construction Status Und. Const.

HOA Fees $700/mo

HOA Y/N Yes

Year Built 2025

Annual Tax Amount $10,000

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 150.0x50.0x150.0

Property Sub-Type > 4 Units

Property Description

Springville, Utah | 5-Plex Investment Opportunity Brand new 5-unit townhome building hitting the market-designed for the investor who wants both stability and appreciation upside. Each unit offers 4 bedrooms, 2.5 bathrooms, modern finishes, private balconies, 2-car garages, and functional layouts built for long-term tenant demand. Income Snapshot (Pro Forma): Monthly Rent per Unit: $2,318 Gross Scheduled Income: $139,080/year Net Operating Income (NOI): $97,438/year Cap Rate: 4.23% (based on bulk price of $2,325,000) Operating Assumptions: Property Taxes: $15,640/year (Utah County, non-owner occupied) Insurance: $3,750/year ($750 per unit) Management: 8% ($11,126/year) Maintenance (new build): 3% ($4,172/year) Vacancy: 5% ($6,954/year) Investor Highlights: Bulk Discount Pricing: $465,000 per unit (below retail comps; one unit already appraised at $480,000). Turnkey New Construction: Minimal maintenance in early years, maximizing NOI. Tenant-Friendly Design: Large bedrooms, full laundry rooms, walk-in pantries-features that command premium rents and tenant retention. Prime Location: 3 minutes to I-15, 1 minute to schools and parks, 5 minutes to Walmart/Smith's Marketplace, and minutes from Provo/Orem employment hubs. 1031 Exchange Ready: Strong cash flow with long-term appreciation in one of Utah's fastest-growing corridors. This is not a "what if" deal-this is new construction with completed phase comps already proving value. Whether you're looking to roll gains via a 1031 or lock in a long-term hold in Utah County, this 5-plex checks the boxes for stability, growth, and tenant demand. Subdivision maps, floorplans, and appraisal docs available upon request. Square footage figures are provided as a courtesy estimate only and were obtained from construction plans. Buyer is advised to obtain an independent measurement.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Zoning Single-Family

Interior

Interior Features Bath: Primary, Closet: Walk-In, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Gas: Central

Inclusions Dishwasher: Portable, Microwave, Range, Refrigerator

Fireplace No

Window Features None

Exterior

Exterior Feature Balcony, Patio: Covered, Sliding Glass Doors

Garage Spaces 10.0

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Amenities Available Picnic Area, Playground

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Present Use Residential

Topography Road: Paved, Terrain, Flat, View: Mountain

Porch Covered

Total Parking Spaces 10

Private Pool No

Building

Lot Description Road: Paved, View: Mountain

Faces West

Sewer Sewer: Connected

Water Culinary

Structure Type Stone,Stucco

New Construction Yes

Construction Status Und. Const.

Schools

Elementary Schools Meadow Brook

High Schools Springville

School District Nebo

Others

Senior Community No

Tax ID 55-991-0037

Monthly Total Fees $700

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

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Listed by Equity Real Estate (Premier Elite)

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Kristin Deveraux

+1(801) 259-6838

Principal Broker, Owner

745 S HARRISON DR W #37 Springville, UT 84663

Kristin Deveraux

Open House

Key Details

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Interior

Exterior

Building

Schools

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745 S HARRISON DR W #37