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Jaimi Payne

homesbyjaimi@gmail.com +1(435) 359-3356

$ 935,000

Est. payment | -/mo

8 Beds

6 Baths

4,000 SqFt

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$ 935,000

Est. payment | -/mo

Save

8 Beds

6 Baths

4,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $233

Subdivision Dream Meadow

MLS Listing ID 2174532

Style Stories: 2

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1967

Annual Tax Amount $3,906

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Quadruplex

Property Description

Well-maintained, fully leased fourplex in one of Orem's most desirable and convenient rental locations. Fourplex featuring four townhouse-style units, each offering 1,000 square feet with 2 bedrooms and 1.5 bathrooms. Each unit includes washer and dryer hookups, central A/C, and central heating, with numerous updates completed throughout the property. Improvements include A/C installation, a roof replaced in 2018, driveway asphalt replaced, updated countertops in multiple units, two units with dishwashers, new carpet in one unit, and a new tub and shower surround in another unit. Current monthly rental income is $5,550, with rents of $1,350, $1,300 (month-to-month), $1,450, and $1,450 (month-to-month). Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash. Situated on a 0.268-acre cul-de-sac lot with ample space behind the building, the property is conveniently located near University Place Mall and within 10 minutes of UVU, BYU, and I-15. Combining strong property condition with a prime Orem location, this fourplex presents an excellent long-term investment opportunity. 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.

Location

State UT

County Utah

Area Pl Grove; Lindon; Orem

Zoning Multi-Family

Interior

Heating Gas: Central

Flooring Carpet, Laminate, Tile

Fireplace No

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Topography Cul-de-Sac

Total Parking Spaces 8

Private Pool No

Building

Lot Description Cul-De-Sac

Sewer Sewer: Connected

Water Culinary

Architectural Style Stories: 2

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Centennial

Middle Schools Lakeridge

High Schools Orem

School District Alpine

Others

Senior Community No

Tax ID 37-022-0002

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by Rock Canyon Real Estate LLC

“The Elite Real Estate Group is here to help you navigate your real estate transaction and provide you with the luxury experience that you deserve.”

+1(435) 359-3356

homesbyjaimi@gmail.com

20 E. 1000 S., Richfield, Utah 84701

720 E 1720 S Orem, UT 84097

Jaimi Payne

Key Details

Location

Interior

Exterior

Building

Schools

Others

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720 E 1720 S