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Key Details
Sold Price $509,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $231
Subdivision Carson Corner
MLS Listing ID 1718971
Sold Date 02/10/21
Style Up And Down
Bedrooms 2
Construction Status Blt./Standing
HOA Fees $150/mo
HOA Y/N Yes
Year Built 2014
Annual Tax Amount $2,398
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 0.0x0.0x0.0
Property Description
Amazing investment opportunity that is rarely available! Part commercial, part residential Duplex with a 6.7% cap rate if you self manage! Enjoy the security that a long term commercial lease offers with the ability to raise rents that a residential lease offers! Location could not be better for both units. Very close, 30 second walk to the trax station and less than 2 miles to BYU which will help ensure both units are always rented! This property is located in the Provo Opportunity Zone which could be a huge tax benefit to any buyers willing to own the property 10 or more years!
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family, Commercial
Interior
Interior Features Range/Oven: Free Stdng.
Heating Forced Air, Gas: Central
Fireplace false
Window Features None
Exterior
Exterior Feature Double Pane Windows
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
Amenities Available Maintenance, Snow Removal
View Y/N No
Roof Type Flat
Present Use Residential
Total Parking Spaces 2
Private Pool false
Building
Faces Southwest
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick,Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Franklin
Middle Schools Dixon
High Schools Provo
School District Provo
Others
HOA Name Jason Sucher
HOA Fee Include Maintenance Grounds
Senior Community No
Tax ID 65-393-0005
Acceptable Financing Cash, Commercial Fin. Req.
Horse Property No
Listing Terms Cash, Commercial Fin. Req.
Financing Cash
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Bought with Century 21 Everest
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