251 E 300 S, Springville, UT 84663
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251 E 300 S, Springville, UT 84663
251 E 300 S, Springville, UT 84663
251 E 300 S, Springville, UT 84663
251 E 300 S, Springville, UT 84663
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Christian Tevis

Christian Tevis

+1(435) 315-4128
$ 2,100,000
Est. payment /mo
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Pending

251 E 300 S Springville, UT 84663

12 Beds

12 Baths

8,957 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 8,957 sqft

Price per Sqft $234

MLS Listing ID 2151603

Style Stories: 3

Bedrooms 12

Construction Status Blt./Standing

HOA Y/N No

Year Built 1914

Annual Tax Amount $7,931

Lot Size 0.600 Acres

Acres 0.6

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

This is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650. Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool No

Building

Architectural Style Stories: 3

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Senior Community No

Tax ID 06-015-0003

Listed by Equity Real Estate (Results)

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251 E 300 S