About This Home
This 12-bedroom, 12-bathroom residential multi family at 251 E 300 S in Springville, UT is listed for $2,100,000 ($234 per sqft). Built in 1914, the home offers 8,957 sqft of living space on a 0.60 acres lot.
Key Features
- Built in 1914
- 0.60 acre lot
- 3 stories
Property Details
This is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650.
Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years.
Monthly Cost Estimate
$11,231/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
251 E 300 S
Springville, UT 84663
Questions & Answers
This 12-bedroom, 12-bathroom residential multi family at 251 E 300 S is listed at $2,100,000 ($234/sqft). The estimated monthly payment is $11,232 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1914, 0.60 acre lot, 3 stories.
This property is listed by Stephanie Lewis and can be reached at 8015922558.