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Mike Meservy

mike@altacorerealty.com +1(801) 819-3900

$885,000

Est. payment - /mo

8 Beds

4 Baths

3,504 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,504 sqft

Price per Sqft $252

Subdivision Pyne Acres

MLS Listing ID 2184476

Style Up And Down

Bedrooms 8

Construction Status Blt./Standing

HOA Y/N No

Year Built 1973

Annual Tax Amount $3,843

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Quadruplex

Property Description

Rare opportunity to own a fully occupied 4-plex in a prime Orem location, just minutes from both UVU and BYU! All four units are approximately 876 sq. ft. and feature 2 bedrooms and 1 bathroom, offering a highly desirable and functional rental layout. Current monthly rents are $1,225, $1,045, $1,195, and $1,175, totaling $4,640 per month in scheduled rent. In addition, each tenant contributes $65 per month toward city utilities, bringing total monthly collections to approximately $4,900. Three units are currently under one-year leases, with the remaining unit leased through January 2027, providing an incoming owner with established rental income from day one. Several units have received extensive updates, including new flooring, fresh paint, updated cabinets and countertops, remodeled bathrooms, and more. Two units also feature new HVAC systems, helping reduce future capital expenses. Location is a major highlight approximately 23 miles from UVU and 45 miles from BYU, with convenient access to I-15, shopping, restaurants, employment, and everything Orem and Provo have to offer. A compelling opportunity for investors looking to add a well located Utah County multifamily property to their portfolio. Fully occupied, established leases, updated units, and strong proximity to two major universities. Additional photos coming next week. Please do not disturb tenants. Square footage and all information provided as a courtesy; buyer and buyer's agent to verify all information.

Location

State UT

County Utah

Area Orem; Provo; Sundance

Interior

Interior Features Disposal, Floor Drains, Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Gas: Central

Flooring Carpet, Tile, Vinyl

Fireplace No

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Present Use Residential

Topography Cul-de-Sac, Curb & Gutter, Fenced: Part, Road: Paved, Terrain, Flat, View: Mountain

Private Pool No

Building

Lot Description Cul-De-Sac, Curb & Gutter, Fenced: Part, Road: Paved, View: Mountain

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Up And Down

Structure Type Brick,Stone

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Westmore

Middle Schools Lakeridge

High Schools Mountain View

School District Alpine

Others

Senior Community No

Tax ID 49-067-0006

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Listed by Mountainland Realty, Inc

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Mike Meservy

+1(801) 819-3900

Realtor | MBA License ID: 11798858-SA00

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1069 S ELLEN CIR E Orem, UT 84058

Mike Meservy

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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