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About This Home

This 8-bedroom, 6-bathroom residential multi family at 232 N 250 E in Orem, UT is listed for $1,149,998 ($277 per sqft). Built in 1969, the home offers 4,158 sqft of living space on a 0.23 acres lot.

Agent Description

This well cared for 4-plex has seen over $80,000 in recent capital improvements by licensed contractors. Three of the four units were extensively renovated with new stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, stainless steel farmhouse sinks, updated lighting, and fresh paint throughout.

All units have AC. Since purchasing the property, the current owner has continued to improve and maintain the building. Recent upgrades include a new washer and dryer, new water heater, a new furnace, electrical updates, plumbing updates, new bath and shower, and refreshed landscaping.

New excellent tenants have been placed since the purchase. The property is fully leased to great tenants at a combined rent of $6,100 per month. Units in this location lease in under ten days due to strong demand in Orem. This is a turn key, low maintenance asset in a highly desirable area. If you are looking for a clean, updated, and easy to manage investment with strong rent performance, this is an excellent option.

Key Features

  • Built in 1969
  • 0.23 acre lot
  • 2 stories
  • 8 parking spaces

Property Details

2 stories
6 full
8 spaces
1969

Monthly Cost Estimate

$6,150/mo

20% down · 6.5% · 30 years

Principal$832
Interest$4,983
Insurance$335

Estimates only. Actual payments may vary.

Location

232 N 250 E

Orem, UT 84057

NORTH VIEW

Features & Amenities

Exterior Features

Double Pane Windows

Property Details

Construction

Brick Frame

Parking

Covered

Heating

Natural GasForced AirCentral

Questions & Answers

This 8-bedroom, 6-bathroom residential multi family at 232 N 250 E is listed at $1,149,998 ($277/sqft). The estimated monthly payment is $4,983 based on 20% down at 6.5% interest.

Key features include: Built in 1969, 0.23 acre lot, 2 stories, 8 parking spaces. Exterior Features: Double Pane Windows.

This property is listed by Kian Torimi and can be reached at 4352005791 or kian@yubedo.com.

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KT

Kian Torimi

Agent at Selling Salt Lake

(435) 200-5791

Listed by Selling Salt Lake · View on Broker Site

MLS# 2125535· Source: listhub· Updated 127 days ago

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232 N 250 E, Orem, UT 84057

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