Provo Multifamily Investment
2030 Nevada Cir Provo, UT 84606
For Sale
$1,225,000
Six-unit multifamily community in Provo, near BYU.
Days on Market113
Property Features for 2030 Nevada Cir
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Salt Lake City Office
(801) 736-2632
Listed By:
Evan Clark · License #License(s): UT: 10187590-SA00, ID: 8071166
(801) 736-2632
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 10 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salt Lake City Office
Investment Insights
Based on property information with market context.
Nevada Circle is a 6-unit multifamily community located in Provo, Utah, a dynamic, university-anchored rental market. The property benefits from strong underlying demand driven by Brigham Young University’s 30,000+ student population and Provo’s position within the rapidly expanding Silicon Slopes tech corridor. This dual demand base supports sustained occupancy, consistent rent growth, and long-term investment stability. Nevada Circle features spacious two-bedroom floorplans that appeal to students, young professionals, and university staff seeking functional layouts and long-term housing options. The unit mix attracts stable tenants willing to pay premium rents, contributing to reduced turnover and predictable cash flow. Current in-place rents remain approximately 20%–30% below market, presenting a clear and immediate value-add opportunity through light interior renovations and targeted amenity enhancements. Strategic upgrades, including updated kitchens, flooring, and fixtures, can support mark-to-market rents while maintaining strong occupancy, creating a defined path to NOI expansion and accelerated equity growth. Positioned within one of Utah’s fastest-growing markets, Nevada Circle offers investors a compelling blend of stability, upside, and durable fundamentals.
Key Highlights
- Value‑add opportunity with 20‑30% below‑market rents achievable through light interior renovations.
- Located in Provo, Utah, a dynamic, university‑anchored rental market.
- Strong rental demand driven by Brigham Young University's 30,000+ student population.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily community in Provo, near BYU.
Where is this apartment building located?
The property is located at 2030 Nevada Cir Provo, UT.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Value‑add opportunity with 20‑30% below‑market rents achievable through light interior renovations.; Located in Provo, Utah, a dynamic, university‑anchored rental market.; Strong rental demand driven by Brigham Young University's 30,000+ student population.
