$ 1,125,000
342 S 150 W Orem, UT 84058
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$ 1,125,000
Est. payment /mo
Pending
342 S 150 W Orem, UT 84058
8 Beds
4 Baths
3,264 SqFt
UPDATED:
09/26/2024 09:22 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $344
Subdivision Summertree
MLS Listing ID 2023266
Style Stories: 2
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1976
Annual Tax Amount $3,592
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 0.0x0.0x0.0
Property Description
342 S 150 W is a 3,264 SF turnkey, yet still value-add fourplex consisting of four 2BD/1BA units that are roughly 816 SF. The property was built in 1976 and has been very well-maintained by the current owner. All four units have been updated, and each unit has above average rents. The property boasts central heating and air conditioning, above range microwaves, tile or new plank flooring in the kitchen and bathroom, washer and dryers that are included, faux wood blinds in 2 units, newer oak or hickory cabinets and newer laminate counter tops. All units except unit 1 have dish washers. The property also has a sprinkler system, double pane windows and 8 parking spaces in the rear of the property. The average rent for a 2BD/1BA in the Orem area is $1,316. This property averages $1,400. There is also a $50 charge for water/sewer/trash, making the actual rental amount closer to an average of $1,450, or 10.1% higher than the average. 342 S 150 W is part of four fourplexes that are currently on the market from the same seller. The others are 330 S 150 W, 352 S 150 W and 372 S 150 W. An investor therefore has the opportunity to purchase 16 units that are all adjacent to one another. These fourplexes have top of market rents for a reason. The units have been taken care of and managed by a professional company that takes pride in having the best-in-class multifamily units. Other MLS Listings: 2023263, 2023265, 2023264
Location
State UT
County Utah
Area Orem; Provo; Sundance
Interior
Fireplace No
Exterior
Waterfront No
View Y/N No
Present Use Residential
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Senior Community No
Tax ID 52-090-0029
Listed by Pathway Properties, LLC