2 months on rocket

535 N 700 E Unit 1-4, Spanish Fork, UT, 84660

$915,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Baths
3,874 SqFt
$236/SqFt
Multi

Location

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535 N 700 E Unit 1-4, Spanish Fork$915,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1981
MLS #2020748
Lot Size0.41 Acres
StatusActive

About 535 N 700 E Unit 1-4

Multi-family investment opportunity! Come discover this awesome 4-plex in a prime location in the heart of Spanish Fork! It's located conveniently close to the major shopping centers, the new IHC hospital, and both major highways I-15 and Highway 6. This property has been well maintained and managed by the same property manager since it was built! Most tenants have stayed for multiple years keeping very low vacancy rates. Property Details: 4 units, each unit has 2 bedrooms and 1 bath and is approximately 900 sq ft. Washer/dryer hookups located in the second bedroom. There is an additional sink/vanity outside of the bathroom. Each unit includes an additional storage closet on the West side of the building. There is a grass section on the East side of the building and a large parking lot on the West side. All units have similar floor plans with different flooring. Rental/Income Details: The rents are currently well below market value due to long-term tenancy. Buyers will be able to increase rent rates immediately. There are separate meters for gas and electricity. The owner pays for landscaping, snow removal, water, sewer, and irrigation. There are plenty of opportunities to increase the profitability of this investment! Contact the listing agent to schedule your showing. Unit 4 is available for showings, bottom right. Please do not disturb the other tenants! All units will be available to see with a reasonable offer. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.

Property Details

Property Features

Property Information:

  • Architectural Style: Stories: 2
  • Year Built: 1981
  • Stories: 0
  • Living Area: 3,874 SqFt

Listing Office:

  • Office Name: KW WESTFIELD
  • Office Phone: (801) 358-4081
  • Listing Agent: Cali R Liechty

Interior Features

Interior Information:

  • Flooring Type: Carpet, Laminate, Linoleum
  • Interior: Range/Oven: Free Stdng.

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Sidewalk, Sprinklers
  • Lot Size: 0.41 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $915,000
  • Price Per SqFt: $236/SqFt
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Housing Market Comparison

See how this home compares to others in Spanish Fork, UT.

Med. List Price

$547.4K

Med. Price/SqFt

$220

Avg. Days On Market

72

535 N 700 E Unit 1-4 vs Spanish Fork

82 DAYS ON ROCKET

+10 Days

$915,000

+$367.5K More

$236/SqFt

+$15 More

KEY TAKEAWAY

This property is $367.5K more than the Median List Price and $15/SqFt more than other homes in Spanish Fork, UT.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Name: UtahRealEstate.com
  • MLS Number: #2020748

Listing Office:

  • Office Name: KW WESTFIELD
  • Office Phone: (801) 358-4081
  • Listing Agent: Cali R Liechty

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: 11/21/2024, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,634

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,810

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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-319114
6
/10
  • Park Elementary School

  • 90 N 600 E

  • 0.41 miles

  • Public District Grades PK-5

school-card-donut-319115
6
/10
  • Rees Elementary School

  • 574 N Rees Ave

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-319116
5
/10
  • Larsen Elementary School

  • 1175 E Flonette Ave

  • 0.84 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,386. Residents of Spanish Fork, UT typically earn between $35k-100k each year. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesUtahUtah CountySpanish Fork84660535 N 700 E Unit 1-4

This home is located at 535 N 700 E Unit 1-4 in Spanish Fork, UT and zip code 84660. This 3,874 square foot home, which was built in 1981, sits on a 0.41 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $915,000.

The number of homes for sale in Spanish Fork, UT increased by 33.3% between September 2024 and October 2024. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $547,499.

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

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