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Halladay 550 E 100 N 550 E 100 N 6 Unit Apartment Building $1,350,000 ($225,000/Unit) 4.43% Cap Rate Provo, UT 84606
Investment Highlights
- in-unit laundry
- covered parking
- individual climate control
- Generous storage sets
Executive Summary
550 E 100 N is a 5,739 SF turnkey six-unit multifamily property consisting of
five spacious 2BD/1BA units at approximately 998 SF each, and one
1BD/1BA unit at 750 SF. Built in 1953, the property has been meticulously
maintained by the current owner and professional management company. All
six units have been updated and are currently 100% occupied, reflecting both
the quality of the asset and the strength of the surrounding rental market.
five spacious 2BD/1BA units at approximately 998 SF each, and one
1BD/1BA unit at 750 SF. Built in 1953, the property has been meticulously
maintained by the current owner and professional management company. All
six units have been updated and are currently 100% occupied, reflecting both
the quality of the asset and the strength of the surrounding rental market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$59,837
|
$10.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $59,837 |
| Annual Per SF | $10.43 |
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.43% | Building Size | 5,739 SF |
| Gross Rent Multiplier | 57 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 4.43% |
| Gross Rent Multiplier | 57 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,739 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2/1,000 SF |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Refrigerator
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 655 |
| 2+2 | 5 | - | 870 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 05-057-0013 | Improvements Assessment | $646,300 |
| Land Assessment | $319,600 | Total Assessment | $531,245 |
Property Taxes
Parcel Number
05-057-0013
Land Assessment
$319,600
Improvements Assessment
$646,300
Total Assessment
$531,245
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Halladay 550 E 100 N | 550 E 100 N
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