408 S 300 EProvo, UT 84606

Description

Well-maintained, fully leased fourplex in one of Provo's most convenient central rental locations on 300 East. Four units (two up / two down), each 2 bedrooms and 1 bathroom with private entry, individual forced-air A/C and heat (two newer A/C systems installed 2024), and in-unit laundry (washers in kitchen; two units with dryer hookups and two with stacked combo units). Strong rental history with 3 units currently on month-to-month after completed 12-month leases and solid long-term occupancy. Current monthly rents are $1200, $1200, $1250, $1200. Tenants pay gas and electricity; owner covers water/sewer and garbage. Situated on a 0.19-acre lot with plenty of off street parking, minutes from Center Street dining and shopping, nearby parks (Maeser, Memorial), and within easy reach of BYU, UVU, FrontRunner, and I-15. Recent improvements include two new A/Cs (2024), carpet replacements, and washer/dryer upgrades. Combining strong location, updated systems, and current occupancy, this fourplex is an excellent long-term investment and a strong 1031 exchange property. Square footage figures are provided as a courtesy estimate only and were obtained from available records. Buyer is advised to obtain an independent measurement. No showings until an accepted offer is in place.

Property Information

Property type

Residential

Sub-type

Quadruplex

Style

Stories: 2

Year built

1976

Living area

3,000 Sq Ft

Lot size

0.19 acres

Lot dimensions

0.0x0.0x0.0

Parking spaces

8

Zoning

Multi-Family

Days on market

1

MLS^® Listing#

2190276

Property Features

Appliances

Dishwasher · Oven · Range

Cooling

None

Heating

Forced Air

Flooring

Carpet · Vinyl

Fencing

Partial

Construction

Brick · Aluminum Siding

Roof

Asphalt

Windows

Window Coverings · Blinds · Double Pane Windows

Utilities

Natural Gas Available · Natural Gas Connected · Electricity Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Schools

Elementary

Provo Peaks

Middle

Centennial

High

Timpview

Financial Details

HOA

None

Annual taxes

$4,672

Parcel number

05-007-0015