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Key Details
Sold Price $807,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,330 sqft
Price per Sqft $242
Subdivision Art City Village Pud
MLS Listing ID 1970460
Sold Date 03/05/24
Style Stories: 2
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1976
Annual Tax Amount $3,867
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 0.0x0.0x0.0
Property Description
MULTIPLE APPRAISALS OF $870,000 FOR THE SAME FOURPLEXES NEIGHBORING THIS PROPERTY Nestled in the picturesque town of Springville this exceptional residential fourplex presents a golden investment opportunity for savvy buyers. Located in a serene neighborhood, this property offers a rare combination of comfort, convenience, and potential returns. Comprising four individual units, each featuring 2 bedrooms and 1 bathroom, this fourplex caters to the growing demand for affordable yet desirable rental housing. Upon entering any of the units, investors will find well-designed and functional spaces that maximize comfort and utility. The layout caters to a broad tenant demographic. The spacious bedrooms provide ample room for relaxation, while the shared bathroom is tastefully appointed, ensuring both practicality and style. The exterior is well-maintained, boasting a timeless appeal that adds to the property's overall value. For the investment-minded buyer, this fourplex holds promising financial prospects. With four separate units, there's the potential for multiple income streams, diversifying risk and increasing the overall return on investment. The current rental market trends in the area suggest strong demand for 2-bedroom units, making this fourplex a sound investment choice.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Multi-Family
Interior
Interior Features Disposal, Range/Oven: Free Stdng.
Heating Forced Air, Gas: Central
Flooring Carpet, Laminate, Linoleum
Fireplace false
Window Features Blinds,Full
Laundry Electric Dryer Hookup
Exterior
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Road: Paved, Sidewalks, View: Mountain
Total Parking Spaces 8
Private Pool false
Building
Lot Description Curb & Gutter, Road: Paved, Sidewalks, View: Mountain
Faces South
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Brookside
Middle Schools Springville Jr
High Schools Springville
School District Nebo
Others
Senior Community No
Tax ID 34-255-0005
Ownership Agent Owned
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Seller Financing
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