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ActiveQuadruplex$2 reduction
91 days on market
$1,149,998
232 N 250 E, Orem, UT 84057
MLS# 2125535• Quadruplex
8
Bedrooms
6
Bathrooms
4,158
Sqft
$277
Per Sqft
$1,149,998
MLS# 2125535• Quadruplex
8
Bedrooms
6
Bathrooms
4,158
Sqft
$277
Per Sqft
1969
Year Built
0.23
Acres
91
Days on Market
This well cared for 4-plex has seen over $80,000 in recent capital improvements by licensed contractors. Three of the four units were extensively renovated with new stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, stainless steel farmhouse sinks, updated lighting, and fresh paint throughout. All units have AC. Since purchasing the property, the current owner has continued to improve and maintain the building. Recent upgrades include a new washer and dryer, new water heater, a new furnace, electrical updates, plumbing updates, new bath and shower, and refreshed landscaping. New excellent tenants have been placed since the purchase. The property is fully leased to great tenants at a combined rent of $6,100 per month. Units in this location lease in under ten days due to strong demand in Orem. This is a turn key, low maintenance asset in a highly desirable area. If you are looking for a clean, updated, and easy to manage investment with strong rent performance, this is an excellent option.
Annual Property Tax
$3,969
Original List Price
$1,150,000
Exterior Features
Double Pane Windows
Elementary
Sharon
Middle School
Canyon View
High School
Orem
County
Utah
Subdivision
NORTH VIEW
Courtesy of Selling Salt Lake
Data from UtahRealEstate.com. Information deemed reliable but not guaranteed.
Schedule a free consultation to learn more about this property.
Schedule a Call$5,815/mo
Based on 20% down, 6.5% rate, 30-yr fixed. For estimation only.