Active

339 S 600 W

Provo UT, 84601

$2,000,000


$327.60 per sqft

Active

11 Beds

11 Baths

6,105 sqft

Residential

Built in 1970

This rare and lucrative investment opportunity features two buildings: one with 5 units and another with 6 units, all 1-bedroom, 1-bath apartments. Easy to keep occupied with incredible rental stability, current rents range from $1,000 to $1,250-highly competitive for the growing Provo market. Several units have undergone extensive remodeling, ensuring modern living spaces that attract and retain quality tenants. Key upgrades include a new roof on one building, new windows, irrigation sprinklers, updated flooring, and new water heaters throughout. On-site laundry is conveniently operated via a code system and is tenant-paid, adding additional revenue potential. Some units are separately metered for gas and electricity, while others share utilities. The property also boasts 8 covered parking stalls and ample additional parking-an uncommon amenity in Provo that sets this property apart from others. With its prime location in the heart of downtown Provo, this property offers easy access to shopping, dining, transportation, and employment hubs. Don't miss this rare chance to own a well-maintained, high-performing multi-family property in one of Utah's fastest-growing cities!

2051311

MLS ID

November 20, 2024

Listed

December 10, 2024

Updated

Map

339 S 600 W
Provo UT, 84601

Interior Features

Total Stories

0


Bedrooms

11


Total Bathrooms

11


Interior Features

Range/Oven: Free Stdng


Floor Description

Carpet, Laminate


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Gas: Central

Exterior/Building Features

Lot Size

0.43 Acres


Lot Features

Fenced: Part, Road: Paved, Sidewalks


Architectual Style

Up And Down


Roof

Asphalt


Sewer

Sewer: Connected, Sewer: Public

School Information

School District

Provo


High School

Provo


Elementary School

Franklin

Other Property Details

Area Name

Provo; Mamth; Springville


Taxes

$6,801


Tax Frequency

Annually


Days on Market

20


Garage

No


Parking

Covered, Parking: Uncovered


Parking Total

26


View

No


County

Utah


Water Source

Culinary


Pool

No


Zoning

Multi-Family

Listing History

Date

Event

Price

12/10/2024

Price change

$2,000,000

-13%

Courtesy of KW WESTFIELD

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 5:10 PM UTC, 12/10/2024. 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.

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