232 N 250 EOrem, UT 84057

Description

Central Orem 4-plex on a quarter acre, fully occupied with all four units month-to-month. Each unit is 2 bed / 1.5 bath with its own gas meter, power meter, water heater and air conditioning, so tenants pay their own gas and power. Three of the four units have been renovated with quartz counters, farmhouse sinks, new appliances, LVP flooring, updated lighting and paint. Recent building work includes a new furnace, a new water heater, electrical and plumbing updates and refreshed landscaping. The fourth unit has a long-term tenant at $1,300 a month and original finishes, which leaves room to add value. Current rent is $6,100 a month (easily potential to increase to $6400+). Eight off-street parking spaces. A marketing brochure and financial package are attached.

Property Information

Property type

Residential

Sub-type

Quadruplex

Style

Stories: 2

Year built

1969

Living area

4,160 Sq Ft

Lot size

0.23 acres

Lot dimensions

0.0x0.0x0.0

Parking spaces

8

Zoning

Multi-Family

Days on market

4

MLS^® Listing#

2189188

Property Features

Cooling

None

Heating

Central · Natural Gas · Forced Air

Laundry

Electric Dryer Hookup

Fencing

Partial

Construction

Brick · Frame

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

Sharon

Middle

Canyon View

High

Orem

Financial Details

HOA

None

Annual taxes

$3,969

Parcel number

47-037-0002