379 500 Provo, UT 84606

This exceptional Provo, UT investment opportunity presents a fully occupied, six-bedroom student housing property near Brigham Young University. The 2,510 square foot property, built in 1923 and renovated in 2020, sits on a 0.17-acre lot and includes two buildings, each one story. Currently generating a Net Operating Income (NOI) of $37,920, representing a 5.42% cap rate, the property boasts 100% occupancy with six individual rooms, each currently rented at $560 per month. The property features three one-car garages, additional carport parking, and a 240 square foot covered patio (not included in the square footage). Recent upgrades include new cabinets, countertops, and a dishwasher. The property is fully furnished and turnkey, offering immediate rental income. With potential for rent increases to $600 per month per room, this presents a strong return on investment. The property's address is 379 N 500 E, Provo, UT 84606, and the APN is 05-063-0021. This offering is suitable for a 1031 exchange. The asking price is $700,000.