732 E 1500 SOrem, UT 84097

Description

Well-maintained, fully leased fourplex in a highly desirable Orem rental location. Each of the four units offers 861 square feet with 2 bedrooms and 1 bathroom, including washer and dryer hookups. All units have central A/C (installed in 2023) and forced-air heating. The property has numerous capital improvements, including a new roof, siding, fascia, and rain gutters completed in 2013. Units 732, 734, and 736 were updated with cabinets, new sinks, and dishwashers, while several units also feature laminate flooring and other interior improvements. Situated on a deep 0.304-acre lot, the property offers additional outdoor space and long-term potential. Current monthly rental income is $4,850, with rents of $1,250, $1,250, $1,250, and $1,100 (month-to-month). Tenants pay their own gas and electricity, while the owner pays water, sewer, and trash. Ideally located adjacent to University Place Mall and within 10 minutes of UVU, BYU, and I-15, this property provides stable in-place income in one of Orem's strongest rental markets. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.

Property Information

Property type

Residential

Sub-type

Quadruplex

Style

Stories: 2

Year built

1968

Living area

3,444 Sq Ft

Lot size

0.30 acres

Lot dimensions

0.0x0.0x0.0

Zoning

Multi-Family

Days on market

70

MLS^® Listing#

2175563

Property Features

Cooling

None

Heating

Central · Natural Gas

Flooring

Carpet · Laminate

Construction

Brick

Roof

Asphalt

Utilities

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

Schools

Elementary

Centennial

Middle

Lakeridge

High

Orem

Financial Details

HOA

None

Annual taxes

$3,746

Parcel number

19-020-0074