Historic charm, 12 unit apartment building in downtown Springville. Walking distance to Main Street with shops and restaurants. The building consists of ten 1-bedrooms units and a newly renovated 2 bedroom unit with exposed brick.  and a studio. Building generates over $100K in rental income a year with a 5.85 Cap with a 92% occupancy. New boiler , new exterior paint, new plumbing in much of the building, new electrical in parts of the building, newer roof within the last 5 years, new vinyl double pane windows. 12 additional storage units that rent for $50.00 each a month.  Property is 12 minutes south of BYU and UVU and Silicon Slopes. Please do not disturb tenants. PLEASE DO NOT DISTURB TENANTS. Square footage figures are provided as a courtesy estimate only and were obtained from tax records. Buyer is advised to obtain an independent measurement.
Off market
$1,762,900
251 E 300 S, Springville, UT 84663
12beds
12baths
8,957sqft
MultiFamily
Built in 1914
-- sqft lot
$1,762,900 Zestimate®
$197/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 12
Interior area
- Total interior livable area: 8,957 sqft
Property
Lot
- Size: 0.60 Acres
Details
- Zoning: Multi-Family
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1914
Utilities & green energy
- Utilities for property: Sewer: Connected, Sewer: Public, Gas: Connected, Power: Connected, Water: Connected
Community & neighborhood
Location
- Region: Springville
Other
Other facts
- additinfo: Sep. Power Meters, Tenant Pays Utilities, Leases: Yearly
- exterior: Brick, Aluminum
- garage: Parking: Uncovered
- roof: Asphalt Shingles, Pitched
- utilities: Sewer: Connected, Sewer: Public, Gas: Connected, Power: Connected, Water: Connected
- water: Culinary
- zoning: Multi-Family
- featuresext: Outdoor Lighting, Out Buildings, Secured Building
- featuresint: Range/Oven: Free Stdng., French Doors
- floor: Carpet, Laminate, Tile
- inclusions: Range, Refrigerator
- lotfacts: Sidewalks, Sprinkler: Auto-Full, Terrain: Flat
- windows: Blinds
- driveway: Concrete, Asphalt, Common Drive
- landscape: Landscaping: Full
- storage: Basement, Shed, See Remarks
- heating: Gas: Radiant, Electric: Radiant
- style: 3 - Story
- Has Community Pool: 0
- Has Spa: 0
- proptype: > 4 Units
- amenities: Laundry: Coin
Services availability
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Estimated market value
$1,762,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,762,900