8 Beds | 4 Baths | 0 Garage | 3,874 Sq Ft
Multi-family investment opportunity! Come discover this awesome 4-plex in a prime location in the heart of Spanish Fork! It's located conveniently close to the major shopping centers, the new IHC hospital, and both major highways I-15 and Highway 6. This property has been well maintained and managed by the same property manager since it was built! Most tenants have stayed for multiple years keeping very low vacancy rates. Property Details: 4 units, each unit has 2 bedrooms and 1 bath and is approximately 900 sq ft. Washer/dryer hookups located in the second bedroom. There is an additional sink/vanity outside of the bathroom. Each unit includes an additional storage closet on the West side of the building. There is a grass section on the East side of the building and a large parking lot on the West side. All units have similar floor plans with different flooring. Rental/Income Details: The rents are currently well below market value due to long-term tenancy. Buyers will be able to increase rent rates immediately. There are separate meters for gas and electricity. The owner pays for landscaping, snow removal, water, sewer, and irrigation. There are plenty of opportunities to increase the profitability of this investment! Contact the listing agent to schedule your showing. Unit 4 is available for showings, bottom right. Please do not disturb the other tenants! All units will be available to see with a reasonable offer. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
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