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33199894
33195229

37 South 700 West, Provo, UT 84601

ST
UT UT 5450439-AB00
KW Commercial KW South Valley Keller Williams
LB
UT 8690669-SA00
KW South Valley Keller Williams
Listed by KW Commercial KW South Valley Keller Williams, KW South Valley Keller Williams
$725,000
5 days on market
Updated 2 days ago

37 S 700 W, Provo, UT

Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 2,400
Units 4
Cap Rate 2.65%
NOI $19,187
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 4.14%
Pro-Forma NOI $30,026
Price per SqFt $302
Class C
Year Built 1928
Buildings 1
Acreage 0.230
Zoning Commercial
Parking Spaces 6 spaces
Parking Per SqFt 2.50
Ground Lease No

Fully leased 4-Plex in great Provo location

Marketing description

Fully leased, well-maintained 4-plex in a prime Provo location near BYU, UVU, and downtown, with quick freeway access. Property includes 4 units: a 2-bedroom, two 1-bedroom, and a studio apartment.

Investment highlights

Excellent opportunity to acquire a well-maintained 4-plex in a prime Provo location near BYU, UVU, and downtown, with quick freeway access. Fully leased property includes 4 units: a 2-bedroom, two 1-bedroom, and a studio apartment. Building has had remodel updates throughout under current ownership as well as a new boiler system and upgraded electrical systems. Features onsite shared laundry hookups, ample onsite parking and separate electric meters. Strong rental market with consistent demand and long-term appreciation potential. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

Leases expire on the following dates: (37) 2-bed: 5/31/2026 (31) 1-bed: 12/2/2026 (39) 1-bed: 5/31/2026 (29) Studio: 10/31/26 (each unit has a utility stipend in addition to their monthly rent.)

Listing Contacts

ST
UT UT 5450439-AB00
KW Commercial KW South Valley Keller Williams
LB
UT 8690669-SA00
KW South Valley Keller Williams
Listed by KW Commercial KW South Valley Keller Williams, KW South Valley Keller Williams

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,187.00
$1,598.92/mo

Valuation Metrics

0
DSCR
2.65%
Cap Rate
2.65%
ROI

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Additional Information

Name
Steven Tobias
License
UT 5450439-AB00
Name
Loree Beveridge
License
8690669-SA00
Brokerage
KW South Valley
Brokerage Phone
(801) 676-5700
Title
Real Estate Sales Person
Brokerage Address
4020 West Daybreak Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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