Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1967
Sq.Footage
4,000
Well-maintained, fully leased fourplex in one of Orem's most desirable and convenient rental locations. Fourplex featuring four townhouse-style units, each offering 1,000 square feet with 2 bedrooms and 1.5 bathrooms. Each unit includes washer and dryer hookups, central A/C, and central heating, with numerous updates completed throughout the property. Improvements include A/C installation, a roof replaced in 2018, driveway asphalt replaced, updated countertops in multiple units, two units with dishwashers, new carpet in one unit, and a new tub and shower surround in another unit. Current monthly rental income is $5,550, with rents of $1,350, $1,300 (month-to-month), $1,450, and $1,450 (month-to-month). Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash. Situated on a 0.268-acre cul-de-sac lot with ample space behind the building, the property is conveniently located near University Place Mall and within 10 minutes of UVU, BYU, and I-15. Combining strong property condition with a prime Orem location, this fourplex presents an excellent long-term investment opportunity. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Cul-De-Sac
-
Lot Size(acres)
0.27
-
Lot Size(square feet)
11,761
-
Property Type
Residential
-
Property Sub Type
Quadruplex
-
Architectural Style
Stories: 2
Price
-
Sales Price
$945,000
-
Tax Amount
$3,906
-
Sq. Footage
4,000
-
Price/SqFt
$236
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
Alpine
-
Middle School
Lakeridge
-
High School
Orem
Property Features
-
New Construction
NO
-
Senior Community YN
NO
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Location
County
Utah
Elementary School
Alpine
Middle School
Lakeridge
High School
Orem
Listing Courtesy of Joshua Spackman , Rock Canyon Real Estate LLC
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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