Property
Beds
11
Full Baths
None
1/2 Baths
None
Year Built
1938
Sq.Footage
4,750
MUST-SEE investment opportunity in the heart of Springville! Where else can you find two duplexes, a private cottage, a four-bay garage, and a workshop with full attic storage all on one property? Located just minutes from the freeway and nearly adjacent to an elementary school, this unique multi-unit property offers strong rental appeal. Duplex #1 at 615 S includes Unit A with an upstairs and partial basement totaling 4 bedrooms and 1 bathroom, along with Unit B, a 1-bedroom, 1-bathroom basement unit. Duplex #2 at 625 S includes Unit A with 3 bedrooms and 1 bathroom upstairs along with Unit B, a 1-bedroom, 1-bathroom basement unit. The property also includes a separate cottage at 623 S offering 1 bedroom and 1 bathroom. Additional features include a four-bay garage and a dedicated workshop with attic storage, providing excellent functionality and value. No seller financing will be considered, and the property is not eligible for traditional residential financing. This is a rare opportunity to own a versatile, income-producing property in a prime location. Recent updates have been completed throughout multiple units, including at 625 S where improvements feature a new roof, updated wiring, some new plumbing, a stacked washer and dryer, fresh paint throughout, new laminate flooring, a new range, and added window coverings. The 625 basement unit also includes updated wiring and new light fixtures. The cottage at 623 S has been significantly updated with all new wiring, a new AC unit, fresh paint, LVP flooring, a tankless water heater, and a new sewer line. At 615 S, the basement unit includes a new kitchen counter and sink. The property also features a new driveway, adding to the overall functionality and value. The property has an estimated gross rental income of approximately $72,000 annually. Landlord pays water and sewer, averaging about $290 per month, while tenants are responsible for electricity and gas.
Features & Amenities
Interior
-
Total Bedrooms
11
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
5
-
Construction Materials
Brick
-
Pool
No
Area & Lot
-
Lot Features
Secluded
-
Lot Size(acres)
0.33
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$930,000
-
Tax Amount
$2,592
-
Sq. Footage
4, 750
-
Price/SqFt
$195
HOA
-
Association
No
School District
-
Elementary School
Nebo
-
Middle School
Springville Jr
-
High School
Springville
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Utah
Elementary School
Nebo
Middle School
Springville Jr
High School
Springville
Listing Courtesy of Drew Armstrong , UtahRealEstate.Net
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Damon Luke
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