Roylance Townhomes 984 E 900 S 30 Unit Apartment Building $8,300,000 ($276,667/Unit) Provo, UT 84606

Roylance Townhomes is a 100% occupied, 30-unit townhome-style community strategically located in Provo, Utah—one of the Mountain West’s most dynamic university-driven markets. Built in phases from 1997 to 2000 and owned by the original developer since construction, the property offers a rare opportunity to acquire a well-maintained asset with meaningful operational and revenue upside.
The community consists of 28 two-bedroom and 2 three-bedroom units with spacious, non-stacked townhome layouts, providing residents with enhanced privacy and functionality. Situated just minutes from Brigham Young University, Roylance benefits from consistent student-driven demand, strong leasing velocity, and long-term occupancy stability. The Provo-Orem metro continues to see robust population growth, expanding employment, and resilient economic fundamentals.
While current operations are stable, there is clear opportunity to increase performance through professional third-party management, implementation of ancillary income programs, and targeted interior renovations. With below-market in-place rents and operational efficiencies yet to be realized, Roylance Townhomes represents a compelling value-add opportunity with both organic rental growth and strategic repositioning upside in one of Utah’s most supply-constrained student housing markets.