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225 E 700 N
Provo, UT 84606
University Park Apartments · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Building Size | 7,288 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Building Class | C | Parking Ratio | 4.25/1,000 SF |
| Lot Size | 0.39 AC |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 7,288 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 4.25/1,000 SF |
About 225 E 700 N , PROVO, UT 84606
This 72-bed (12-unit) student housing investment is 100% leased and sits 1/2 block from the southern border of Brigham Young University, where overall off-campus student housing has a vacancy rate of about 1.6%. The property is part of the historic and student-dense Joaquin Neighborhood, and is one of the closest properties to two of BYU's primary pedestrian entrances to campus. With over 33,000 students, BYU is one of the largest private schools in the nation and is located in Provo, Utah, which was voted the #1 strongest economy in the nation (Milken, 2018).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | - |
Property Taxes
| Parcel Number | 05-082-0007 | Improvements Assessment | $2,375,500 |
| Land Assessment | $873,800 | Total Assessment | $1,787,115 |
Property Taxes
