

Maeser Apartments
Multifamily | 21 Units | $209,524/unit
Marketing description
Discover a well‑positioned 21‑unit multifamily asset in the heart of Provo, offering a desirable mix of 1‑bedroom, 2‑bedroom, and 1 studio units. Many apartments have been refreshed with new carpet and durable VLP flooring, enhancing tenant appeal and reducing turnover costs. A new pitched roof installed just two years ago provides long‑term durability and minimizes upcoming capital expenditures.
Ideally located near BYU and Provo’s Center Street, the property benefits from exceptional rental demand, consistently low vacancy, and stable annual leases. Current rents offer meaningful upside for investors seeking value‑add potential. The on‑site coin‑operated laundry generates additional income, and the clean, well‑cared‑for units make leasing straightforward and reliable.
This is a rare opportunity to acquire a stable, income‑producing asset in one of Utah County’s strongest rental markets.
APOD available upon request. Square footage figures are provided as a courtesy estimate from the Utah County Recorder. Buyer is advised to obtain an independent measurement.
Investment highlights
21‑Unit Value‑Add Multifamily in a high‑demand Provo rental corridor
Immediate Upside in Rents with below‑market rates and strong tenant demand
Low Vacancy History driven by proximity to BYU and Center Street
Recent Capital Improvements including a new pitched roof (~2 years old)
Updated Interiors in many units with new carpet and durable VLP flooring
Strong Operational Stability with annual leases and consistent performance
Additional Revenue Stream from on‑site coin‑operated laundry
High‑Growth Submarket with proven rent appreciation and limited supply
Turnkey Asset with clear pathways to increase NOI through strategic upgrades
APOD Available Upon Request for investor underwriting
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