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$ 1,150,000

Est. payment -/mo

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232 N 250 E Orem, UT 84057

8 Beds

6 Baths

4,158 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,158 sqft

Price per Sqft $276

Subdivision North View

MLS Listing ID 2125535

Style Stories: 2

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1969

Annual Tax Amount $3,969

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Quadruplex

Property Description

This well cared for 4-plex has seen over $80,000 in recent capital improvements by licensed contractors. Three of the four units were extensively renovated with new stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, stainless steel farmhouse sinks, updated lighting, and fresh paint throughout. All units have AC. Since purchasing the property, the current owner has continued to improve and maintain the building. Recent upgrades include a new washer and dryer, new water heater, a new furnace, electrical updates, plumbing updates, new bath and shower, and refreshed landscaping. New excellent tenants have been placed since the purchase. The property is fully leased to great tenants at a combined rent of $6,100 per month. Units in this location lease in under ten days due to strong demand in Orem. This is a turn key, low maintenance asset in a highly desirable area. If you are looking for a clean, updated, and easy to manage investment with strong rent performance, this is an excellent option.

Location

State UT

County Utah

Area Pl Grove; Lindon; Orem

Zoning Multi-Family

Interior

Heating Forced Air, Gas: Central

Fireplace No

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Double Pane Windows

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Present Use Residential

Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Part, Terrain, Flat, View: Mountain

Handicap Access Accessible Doors, Accessible Hallway(s)

Total Parking Spaces 8

Private Pool No

Building

Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Part, View: Mountain

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Structure Type Brick,Frame

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Sharon

Middle Schools Canyon View

High Schools Orem

School District Alpine

Others

Senior Community No

Tax ID 47-037-0002

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Selling Salt Lake