This rare and lucrative investment opportunity features two buildings: one with 5 units and another with 6 units, all 1-bedroom, 1-bath apartments. Easy to keep occupied with incredible rental stability, current rents range from $1,000 to $1,250-highly competitive for the growing Provo market. Several units have undergone extensive remodeling, ensuring modern living spaces that attract and retain quality tenants. Key upgrades include a new roof on one building, new windows, irrigation sprinklers, updated flooring, and new water heaters throughout. On-site laundry is conveniently operated via a code system and is tenant-paid, adding additional revenue potential. Some units are separately metered for gas and electricity, while others share utilities. The property also boasts 8 covered parking stalls and ample additional parking-an uncommon amenity in Provo that sets this property apart from others. With its prime location in the heart of downtown Provo, this property offers easy access to shopping, dining, transportation, and employment hubs. Don't miss this rare chance to own a well-maintained, high-performing multi-family property in one of Utah's fastest-growing cities!
Property Details
Property Features
Property Information:
Architectural Style: Up And Down
Year Built: 1970
Stories: 0
Living Area: 6,105 SqFt
Listing Office:
Office Name: KW WESTFIELD
Listing Agent: Clay Winder
Interior Features
Interior Information:
Flooring Type: Carpet, Laminate
Interior: Range/Oven: Free Stdng.
Bedroom and Bathroom Information:
Total Bedroom Count: 11
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Covered, Parking: Uncovered
Lot Features
Lot Information:
Lot: Sidewalk
Lot Size: 0.43 Acres
Utilities
Utilities Information:
Heating: Forced Air
Price Information
Listing Price Info
Price Summary:
List Price: $2,000,000
Price Per SqFt: $328/SqFt
Tax Information:
Annual Amount: $5,756
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Provo, UT.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 3:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$5,756
$920,900
2019
$4,394
$468,985
2017
$4,398
$407,825
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Franklin School
350 S 600 W
Distance between this listing and this school0.04 miles
Public District Grades PK-6
4
/10
Timpanogos School
449 N 500 W
Distance between this listing and this school0.74 miles
Public District Grades KG-6
5
/10
Sunset View School
1520 W 600 S
Distance between this listing and this school0.91 miles
Public District Grades KG-6
Nearby Schools
2
/10
Dixon Middle School
750 W 200 N
Distance between this listing and this school0.58 miles
Public District Grades 7-8
3
/10
Centennial Middle School
305 E 2320 N
Distance between this listing and this school2.64 miles
Public District Grades 7-8
6
/10
Reagan Academy
1143 W Center St
Distance between this listing and this school4.81 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Independence High School
636 Independence Ave
Distance between this listing and this school1.32 miles
Public District Grades 5-12
4
/10
Freedom Preparatory Academy
1190 W 900 N
Distance between this listing and this school1.33 miles
Public Charter Grades PK-12
3
/10
Provo High School
1199 N Lakeshore Dr
Distance between this listing and this school2.83 miles
The neighbors living near this home have an average income of $35,952. Typical income of Provo, UT residents is between $35k-100k annually. The most common type of family is married, with kids. The majority of residents in this area have post secondary degree education.
This home is located at 339 S 600 W in Provo, UT and zip code 84601 in the Franklin neighborhood. This 6,105 square foot home, which was built in 1970, sits on a 0.43 acre lot. Features: 11 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $2,000,000.
The inventory of homes for sale in Provo, UT between October 2024 and November 2024 increased by 29.8%. In November 2024, listings were on the market for 101 days. During the same period, the median list price in this real estate market was $580,000.
From Rocket Homes Real Estate and based on county public records data.