Log In/Sign Up
Your email has been sent.
Grandview Manor 1801 N 950 W 72 Unit Apartment Building For Sale Provo, UT 84604
INVESTMENT HIGHLIGHTS
- Value-Add Investment Opportunity: Offers significant potential for enhancement and returns.
- High Barrier-to-Entry Neighborhood: Protected from new construction, ensuring stable demand.
- Nearby Universities: Close to Brigham Young University and Utah Valley University, attracting approximately 82,000 students collectively.
- Recent Major Improvements: The exterior has been attractively updated, and a new parking lot has been added as of last year.
- Robust Renter Pool: 52% of housing units are renter- occupied, indicating strong rental demand.
EXECUTIVE SUMMARY
Call for Offers: September 16th
Berkadia is pleased to exclusively present Grandview Manor, a 72-unit property built in 1971-1973 located in Provo, Utah—one of the fastest growing and most desirable cities in the country. Grandview Manor offers a strong value-add opportunity with 100% of the units available to upgrade. Current ownership has maintained and cared for the asset well but has not completed any programmatic upgrades to the interior units at the property, allowing the next owner to take advantage of the future upside potential. The Property is situated along State Street, a main arterial thoroughfare that connects the Property to Brigham Young University, University Place Mall, and Utah Valley University. Together, the two universities draw over 82,000 students to the area creating a constant high demand for rental housing. BYU recently announced a new School of Medicine that is set to open in 2027, poised to bring additional growth to the area.
Berkadia is pleased to exclusively present Grandview Manor, a 72-unit property built in 1971-1973 located in Provo, Utah—one of the fastest growing and most desirable cities in the country. Grandview Manor offers a strong value-add opportunity with 100% of the units available to upgrade. Current ownership has maintained and cared for the asset well but has not completed any programmatic upgrades to the interior units at the property, allowing the next owner to take advantage of the future upside potential. The Property is situated along State Street, a main arterial thoroughfare that connects the Property to Brigham Young University, University Place Mall, and Utah Valley University. Together, the two universities draw over 82,000 students to the area creating a constant high demand for rental housing. BYU recently announced a new School of Medicine that is set to open in 2027, poised to bring additional growth to the area.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 2.14 AC |
| No. Units | 72 | Building Size | 58,749 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1973/2019 |
| Building Class | B | Parking Ratio | 2.3/1,000 SF |
| Zoning | RC | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.14 AC |
| Building Size | 58,749 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built/Renovated | 1973/2019 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | RC |
AMENITIES
UNIT AMENITIES
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Oven
- Tub/Shower
- Carpet
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 68 | - | 750 |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,086,800 | |
| Land Assessment | $1,977,100 | Total Assessment | $6,635,145 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,977,100
Improvements Assessment
$10,086,800
Total Assessment
$6,635,145
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Grandview Manor | 1801 N 950 W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.