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251 E 300 S

Springville, UT 84663

Stories: 3

Springville, UT 84663

251 E 300 S

$2,100,000

MLS#: 2151603

Status: Active

Listing provided by: Equity Real Estate (Results)

Listing agent phone: None

Last update: 5 days ago

On site: a month ago

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About

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. Please reach out with inquiries to Stuart Lewis: 801-717-7444.

Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

1914

Sq.Footage

8,957

Features

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.6

  • Lot Size(square feet)

    26136.0

  • Property Type

    Residential

  • Property Sub Type

    Multi Family

  • Architectural Style

    Stories: 3

Price

  • Sales Price

    $2,100,000

  • Tax Amount

    $7,931

  • Sq. Footage

    8, 957

  • Price/SqFt

    $234

HOA

  • Association

    No

School District

  • Elementary School

    None/Other

  • Middle School

    None/Other

  • High School

    None/Other

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

Schedule

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Location

  • County

    Utah

  • Elementary School

    None/Other

  • Middle School

    None/Other

  • High School

    None/Other

Listing Courtesy of Stephanie Lewis , Equity Real Estate (Results)

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Damon Luke

President / Real Estate Advisor

Call Damon today to schedule a private showing.

Phone (801) 882-4009

Email Damon@OnXrealty.com


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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. Please reach out with inquiries to Stuart Lewis: 801-717-7444.

251 E 300 S

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