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254 N 700 W 6 Unit Apartment Building $1,475,000 ($245,833/Unit) 5.16% Cap Rate Provo, UT 84601
Investment Highlights
- Fully Renovated Units
- Great Rental Demand
- Turn-Key with Upside
Executive Summary
Built in 1976, this 6-unit multifamily property combines durable construction with fully updated interiors. The asset consists of six 2-bedroom, 1-bath units. The property has been
completely renovated inside, bringing units to modern standards. The building is fully occupied with a strong operating history, reflecting stable tenant demand and reliable cash flow. While renovations have positioned the property competitively within the submarket, there remains room for continued rent growth, offering investors a blend of in-place income and future upside.
completely renovated inside, bringing units to modern standards. The building is fully occupied with a strong operating history, reflecting stable tenant demand and reliable cash flow. While renovations have positioned the property competitively within the submarket, there remains room for continued rent growth, offering investors a blend of in-place income and future upside.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,475,000 | Building Class | C |
| Price Per Unit | $245,833 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 5,174 SF |
| Cap Rate | 5.16% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1976/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF-30 | ||
| Price | $1,475,000 |
| Price Per Unit | $245,833 |
| Sale Type | Investment |
| Cap Rate | 5.16% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,174 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2022 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | RMF-30 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 860 |
1 1
Walk Score®
Very Walkable (80)
Property Taxes
| Parcel Number | 04-090-0030 | Total Assessment | $604,285 |
| Land Assessment | $355,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $743,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
04-090-0030
Land Assessment
$355,100
Improvements Assessment
$743,600
Total Assessment
$604,285
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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254 N 700 W
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