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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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.

625 S 200 E

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