Active
535 N 700 E #1-4
Spanish Fork UT, 84660
$915,000
$236.19 per sqft
Active
8 Beds
4 Baths
3,874 sqft
Multi-family
Built in 1981
Multi-family investment opportunity! Come discover this awesome 4-plex in a prime location in the heart of Spanish Fork! It's located conveniently close to the major shopping centers, the new IHC hospital, and both major highways I-15 and Highway 6. This property has been well maintained and managed by the same property manager since it was built! Most tenants have stayed for multiple years keeping very low vacancy rates. Property Details: 4 units, each unit has 2 bedrooms and 1 bath and is approximately 900 sq ft. Washer/dryer hookups located in the second bedroom. There is an additional sink/vanity outside of the bathroom. Each unit includes an additional storage closet on the West side of the building. There is a grass section on the East side of the building and a large parking lot on the West side. All units have similar floor plans with different flooring. Rental/Income Details: The rents have been well below market value due to long-term tenancy. The tenants have signed new leases with increased rates through Dec. 2025. There are separate meters for gas and electricity. The owner pays for landscaping, snow removal, water, sewer, and irrigation. There are plenty of opportunities to increase the profitability of this investment! Contact the listing agent to schedule your showing. Unit 4 is available for showings, bottom right. Please do not disturb the other tenants! All units will be available to see with a reasonable offer. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
2020748
MLSⓇ ID
August 30, 2024
Listed
January 12, 2025
Updated
Map
535 N 700 E #1-4
Spanish Fork UT, 84660
Interior Features
Total Stories
0
Bedrooms
8
Total Bathrooms
4
Interior Features
Range/Oven: Free Stdng
Floor Description
Carpet, Laminate, Linoleum
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.41 Acres
Lot Features
Sidewalks, Sprinkler: Auto-Full
Architectual Style
Stories: 2
Roof
Metal
Sewer
Sewer: Connected
School Information
School District
Nebo
High School
Spanish Fork
Elementary School
Park
Other Property Details
Area Name
Sp Fork; Mapleton; Benjamin
Taxes
$3,975
Tax Frequency
Annually
Days on Market
128
Garage
No
Parking Total
0
View
No
County
Utah
Water Source
Culinary
Pool
No
Zoning
Multi-Family
Listing History
Date | Event | Price |
---|---|---|
11/15/2024 | Active | — |
11/8/2024 | Pending | — |
10/22/2024 | Price change | $915,000 -2% |
Courtesy of KW WESTFIELD
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:08 PM UTC, 1/12/2025. 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 deemed reliable but not guaranteed and should be independently verified. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Peter Morkel shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Wasatch Front Regional MLS, Inc. All rights reserved.