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Provo Triplex 475 800 w 3 Unit Apartment Building $1,190,000 ($396,667/Unit) 5.09% Cap Rate Provo, UT 84601
Investment Highlights
- Unit A - Rented at $1,800/MO
- Unit C - Office/Short Term Rental - $2,445/MO Projected NOI
- Rented as Short Term Property (90% Historical Occupancy)
- Unit B - Rented at $1,690/MO
- Zoned for Commercial Office Associated with Home
- New Construction Home, Built 2024. Renovated Garage with Short Term Rental in Place
Executive Summary
Option to include adjacent property in transaction. Reach out to agent for details.
Property Facts
| Price | $1,190,000 | Property Subtype | Apartment |
| Price Per Unit | $396,667 | Building Class | C |
| Sale Type | Investment | Building Size | 2,846 SF |
| Cap Rate | 5.09% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Price | $1,190,000 |
| Price Per Unit | $396,667 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 2,846 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 47-024-0022 | Improvements Assessment | $270,900 |
| Land Assessment | $319,900 | Total Assessment | $590,800 |
Property Taxes
Parcel Number
47-024-0022
Land Assessment
$319,900
Improvements Assessment
$270,900
Total Assessment
$590,800
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Provo Triplex | 475 800 w