Property
Beds
12
Full Baths
None
1/2 Baths
None
Year Built
1970
Sq.Footage
3,852
Rare opportunity to own a fully leased, turn-key fourplex in the heart of Springville. This income-producing property has a history of exceptionally low vacancy, with all four units consistently occupied. Each spacious 3-bedroom, 1-bath unit has been updated in the last three years with new cabinets and flooring, creating durable and attractive interiors for tenants. Major capital improvements include a new roof, new asphalt parking lot, and new furnaces and AC units, reducing future maintenance needs. Professional property maintenance is already in place, offering investors peace of mind and low management demands. With current gross rent over $5,400 per month, an attractive cap rate, and projected long-term returns, this property is ideally positioned for both immediate cash flow and appreciation. Located on South Main Street, tenants enjoy easy access to shopping, dining, schools, and freeway connections in one of Utah County's most desirable and fastest-growing communities.
Features & Amenities
Interior
-
Total Bedrooms
12
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Pool
No
-
View
Mountain(s)
Area & Lot
-
Lot Size(acres)
0.37
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Up And Down
Price
-
Sales Price
$950,000
-
Tax Amount
4044.0
-
Zoning
R-3
-
Sq. Footage
3, 852
-
Price/SqFt
$246
HOA
-
Association
No
School District
-
Elementary School
Nebo
-
Middle School
N/A
-
High School
Springville
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Utah
Elementary School
Nebo
Middle School
High School
Springville
Listing Courtesy of Adam Lancaster , Real Broker, LLC
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Principal Broker
MicahPearson
Call Micah today to schedule a private showing.
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