2 months on rocket

2042 S Nevada Ave, Provo, UT, 84606

$1,599,000

Home List Price

$10,000*

Closing Credit

15 Bedrooms
8 Baths
7,164 SqFt
$223/SqFt
Multi

Location

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2042 S Nevada Ave, Provo$1,599,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCovered, Parking: Uncovered
Garage7 spaces
Year Built1978
HeatingForced Air
ViewLake, Mountain(s)
MLS #2026309
Lot Size0.44 Acres
StatusActive

About 2042 S Nevada Ave

Incredible investment opportunity generating an impressive $9,205 in gross monthly rental income! This well-maintained 7-plex boasts strong tenant occupancy and includes 6 spacious 2-bed, 1-bath units, plus an upgraded 3-bed, 2&1/2-bath unit featuring a private balcony deck for indoor/outdoor living and direct private garage access. Each unit has its own gas and power meters. Several units have received recent upgrades, including new flooring, kitchen cabinets, appliances, windows, fresh paint, and updated bathrooms. Residents enjoy private interior garages, with an additional 10 guest parking spaces available. Ideally situated for students and young professionals, the property offers a prime location with a quick 9-minute commute to BYU and 15 minutes to UVU, as well as a short distance to a variety of major employers and businesses including those at East Bay Tech Park, Noorda College of Osteopathic Medicine, Nestle, Vanderhall and Little Giant Ladders. Nestled against the mountains, tenants can also take advantage of nearby outdoor recreation, with the Bonneville Shoreline Trail and Weatherman's Lookout just minutes away. Additionally, with convenient access to State Street and a 5 minute commute to I-15, residents benefit from a variety of nearby shopping, dining, and entertainment options. Don't miss out on this exceptional investment opportunity, Reach out for more details today! Buyer/Buyer's Agent to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Stories: 2
  • Year Built: 1978
  • Stories: 0
  • Living Area: 7,164 SqFt

Listing Office:

  • Office Name: Woodley Real Estate
  • Office Phone: (801) 855-5900
  • Listing Agent: John Woodley

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Tile
  • Interior: Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In

Bedroom and Bathroom Information:

  • Total Bedroom Count: 15

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Lake, Mountain(s)

Parking Information:

  • Garage Space: 7 spaces
  • Attached Garage: No
  • Parking: Covered, Parking: Uncovered

Lot Features

Lot Information:

  • Lot: Corner Lot, Curbs, Sidewalk, Sprinklers
  • Lot Size: 0.44 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,599,000
  • Price Per SqFt: $223/SqFt

Tax Information:

  • Annual Amount: $892
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Provo, UT.

Med. List Price

$580K

Med. Price/SqFt

$264

Avg. Days On Market

101

2042 S Nevada Ave vs Provo

61 DAYS ON ROCKET

-40 Days

$1,599,000

+$1.0M More

$223/SqFt

-$42 Less

KEY TAKEAWAY

This property is $1.0M more than the Median List Price and $42/SqFt less than other homes in Provo, UT.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Name: UtahRealEstate.com
  • MLS Number: #2026309

Listing Office:

  • Office Name: Woodley Real Estate
  • Office Phone: (801) 855-5900
  • Listing Agent: John Woodley

IDXBased on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/24/2024, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$892$142,700
2019$708$71,060
2017$617$57,200

History based on county public records data.

Payment Calculator

$8,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,860

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1373670
5
/10
  • Spring Creek School

  • 1740 S Nevada Ave

  • 0.24 miles

  • Public District Grades PK-6

school-card-donut-1373671
4
/10
  • Treeside Charter School

  • 1724 S State St

  • 0.52 miles

  • Public Charter Grades KG-6

school-card-donut-1373672
5
/10
  • Provost School

  • 629 S 1000 E

  • 1.62 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,022. Most Provo, UT residents have annual incomes between $35k-100k. The majority of families are married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket Homes›Utah›Utah County›Provo›84606›2042 S Nevada Ave

This home is located at 2042 S Nevada Ave in Provo, UT and zip code 84606 in the Provost South neighborhood. This 7,164 square foot home, which was built in 1978, sits on a 0.44 acre lot. Features: 15 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $1,599,000.

The number of homes for sale in Provo, UT increased by 29.8% between October 2024 and November 2024. Listings spent 101 days on the market in November 2024, and had a median list price of $580,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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