Property summary
Exceptional investment opportunity encompassing a portfolio of five duplexes in Provo, Utah. This Class C multifamily property comprises ten units, offering a total of 3,288 to 17,768 square feet of space. The asking price is $4,459,500, representing a price per unit of $445,950. Individual properties are also available for sale. The properties are located in Provo, Utah County, Utah, with addresses at 476 W 1720 N, 486 W 1720 N, 1725 N 450 W, 1954 N 700 W, and 2015 N 650 W, all within zip code 84604. The portfolio is categorized as both a single-family rental portfolio and student housing, benefiting from its proximity to Brigham Young University and University Parkway. Individual unit sizes and features vary, with some units featuring recent upgrades such as new roofs (installed July 2017), new AC systems (September 2020), and remodeled kitchens (February 2024). Amenities include ample onsite parking, gas and electric dryer hookups, and low-maintenance landscaping. City ordinances allow for either one family or four single occupants per unit. Separate water meters are installed. Utility payment arrangements vary by unit. Potential buyers should independently verify all provided information. This portfolio presents a strong rental income stream with significant potential for future growth.
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