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.

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