379 N 500 E Provo, UT 84606
Listing Courtesy of: UTAH REAL ESTATE / Alliance Real Estate, Pllc

  379 N 500 E Provo, UT 84606

Active (83 Days)
$700,000
6
BED
2
BATH
2,510
SQFT

Description

Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants' parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property's value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There's potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.

MLS #:
2027397
Taxes
$2,560
Lot Size
7,405 SQFT
Type
Single-Family Home
Year Built
1923
Views
True
School District
Provo
County
Utah County

Listed By

Christine Alleman, Alliance Real Estate, Pllc
Source
UTAH REAL ESTATE
Last checked Dec 26 2024 at 11:46 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Windows: Blinds
  • Appliance: Washer
  • Appliance: Refrigerator
  • Appliance: Range Hood
  • Appliance: Dryer
  • Range/Oven: Free Stdng.
  • Range: Gas
  • Kitchen: Updated
  • Disposal
  • Basement Apartment
Lot Information
  • View: Mountain
  • Sprinkler: Auto-Full
  • Sidewalks
  • Road: Paved
  • Fenced: Part
  • Curb & Gutter
Property Features
  • View: Mountain
  • Flat
  • Terrain
  • Sprinkler: Auto-Full
  • Sidewalks
  • Road: Paved
  • Fenced: Part
  • Curb & Gutter
Heating and Cooling
  • Gas: Central
  • Forced Air
  • Evaporative Cooling
Basement Information
  • Full
Flooring
  • Hardwood
  • Carpet
Exterior Features
  • Roof: Asphalt
Utility Information
  • Utilities: Water Connected, Sewer Connected, Electricity Connected, Natural Gas Connected
  • Sewer: Sewer: Connected
School Information
  • Elementary School: Franklin
  • Middle School: Farrer
  • High School: Timpview
Garage
  • Garage
Parking
  • Covered
Stories
  • 2
Living Area
  • 2,510 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Utah Real Estate MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/26/24 15:46