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Key Details
Sold Price -
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Subdivision Dream Meadow
MLS Listing ID 2174532
Style Stories: 2
Bedrooms 8
Year Built 1967
Annual Tax Amount $3,906
Lot Size 0.270 Acres
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
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Asphalt
Building
Lot Description Cul-De-Sac
Sewer Sewer: Connected
Water Culinary
Structure Type Brick
New Construction No
Schools
Elementary Schools Centennial
Middle Schools Lakeridge
High Schools Orem
School District Alpine
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Bought with Rock Canyon Real Estate LLC
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Eric Prince
Associate Broker License ID: 9837844-AB00
Associate Broker License ID: 9837844-AB00




