784 Heather Ln Provo, UT 84601
- Commercial real estate
- 3,290 SF
- 0.24 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 784 Heather Ln
- Year built
- 1978
- Lot size
- 0.24 lot acres
- Property size
- 3,290 SF
- Property type
- Commercial real estate
- APN
- 410780015
Description
This 1978-built Provo fourplex presents a compelling investment opportunity. The property boasts 3,290 square feet situated on a 0.24-acre lot at 784 W Heather Ln, Provo, UT 84601 (APN 410780015). The two-story building comprises four units, each currently priced at $212,500, with an overall asking price of $850,000 ($258.36/sq ft). Two units have undergone complete renovations, featuring new cabinetry, flooring, paint, and appliances. A third unit includes updated cabinetry but requires carpet replacement. The fourth unit, occupied by a long-term tenant, remains unrenovated. Three of the four units benefit from newer central air conditioning. Currently, rents are below market value, offering significant upside potential. With minor updates to one unit and a full remodel of another, market rent for all units is projected at $1,400 per month. This property offers a strong foundation for immediate income and substantial future growth. The property's location in Provo, Utah, provides access to a thriving rental market. This is a rare opportunity to acquire a multifamily property with immediate income and significant value-add potential. MLS #2017711.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Provo
- County
- Utah
- State
- Utah
- Longitude
- -111.67250527955
- Latitude
- 40.223527020015
