287 N 680 EVineyard, UT 84059

Description

TURNKEY VINEYARD INVESTMENT OPPORTUNITY WITH AN APPROX. 10% CAP RATE! Currently operating as an established mid-term rental with professional on-site property management, this property offers a compelling opportunity for an investor looking for income, proven performance and a simple transition. The rental business has continued to gain momentum in 2026. According to the current Property Manager, the property has approximately $40,800 in rental revenue earned/booked through October, with recent months reaching approximately $4,700/month. Based on current performance, projected normalized income and reported operating expenses, the property offers an estimated NOI of approximately $34,000$40,000 before management-or approximately a 10% cap rate at the $384,900 list price. Past rental history further supports the established nature of the operation. The opportunity can be especially turnkey for a new investor. The existing furniture and furnishings may be purchased separately from the Property Manager for approximately $7,500, and the current Property Manager is open to continuing management for the new owner-potentially allowing the rental operation to continue with minimal disruption. The home features 3 bedrooms, approximately 1,910 finished sq. ft., a finished basement and attached garage, plus community amenities including a clubhouse, fitness room, pool and more. Convenient Vineyard location near UVU, BYU, shopping, dining, entertainment and transportation. Rental income, expenses, projections and financial information provided by the current Property Manager. Buyer to independently verify and analyze all information. Past performance does not guarantee future income, occupancy or investment returns.

Property Information

Property type

Residential

Sub-type

Townhouse

Style

Townhouse; Row-mid

Year built

2014

Living area

1,910 Sq Ft

Lot size

0.01 acres

Lot dimensions

0.0x0.0x0.0

Garage spaces

1

Parking spaces

2

Zoning

Multi-Family

Days on market

51

MLS^® Listing#

2185812

Property Features

Interior

Vaulted Ceiling(s) · Granite Counters

Appliances

Disposal · Oven · Range

Cooling

Central Air

Heating

Central · Natural Gas

Flooring

Carpet · Laminate

Basement

Full

Parking

Attached · Garage

Laundry

Electric Dryer Hookup

Construction

Asphalt · Stone

Roof

Asphalt

Windows

Window Coverings · Blinds

Community

Clubhouse

Utilities

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

Sewer

Public Sewer

Schools

Elementary

Vineyard

Middle

Lakeridge

High

Mountain View

Financial Details

HOA

$275 / MonthlyAssociation: Advantage Management

Annual taxes

$2,500

Parcel number

38-460-0007