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About This Home

This 3-bedroom, 2-bathroom single family at 245 S 500 E in Provo, UT is listed for $455,000 ($247 per sqft). Built in 1924, the home offers 1,840 sqft of living space on a 0.19 acres lot.

Agent Description

Welcome Home! Whether you are looking for a delightful house that you can transform into your very own home complete with basement mother-in-law apartment or a reliable source of generating rental income to assist with the financial dynamics of ownership.

Or perhaps you're investment minded and looking to generate lasting wealth by curating this profitable investment asset complete with immense value and untapped potential to launch or fortify your growing portfolio. located less than 5 minutes away from the BYU Campus providing a virtual unending supply of potential tenants.

No matter if You, or Your Tenants are looking to live in a warm and inviting home environment indoors, or taking in a private moment to kick the ball, throw the frisbee, play with the dog, or even immerse yourself in the tranquility of creativity by taking time to paint or throw pottery in the Art Shed nestled within the confines of the secluded back yard.

Then when it's time to get out for an evening on the town you or your tenants are only 3 minutes away from the vibrant culture of Downtown Provo replete with numerous restaurants to satisfy any taste and numerous activities that are sure to invigorate the mind.

With all the foregoing it is easy to see that this property is amply prepared to provide memories to last a lifetime. If this is the type of environment you are looking for personally or are hoping to provide for your valued tenants then you are hereby invited to consider taking the opportunity to make this ideal residence your very own..

As far as the facts go this property has boasted a solid history of quality tenants. Main Floor Tenants have vacated due to not knowing if the Buyer would be an Investor or an Owner Occupied Buyer. However Rent rate was $1800. Basement tenant just renewed Lease on a Month-to-Month Basis at $1,000.00 a month and would like to secured a long term lea

se if the new owner will allow, but the month-to-month arrangement ensures that if having a basement tenant is not needed/wanted, notice can be given and tenant would be moved out likely by close of escrow. This property has been pre-inspected by one of the very best Home Inspectors in the entire State of Utah to ensure that this property is in exc

ellent condition, free of any surprises, which report will gladly be shared with any valid accepted offer with a desire to help any ready willing and able buyer make a more informed decision in the purchasing process. What is more, the roof has recently been replaced, and the owner has continued to invest in considerable improvements in the property which are detailed in the supplementary paperwork.

Main level is vacant. Kindly provide 24 hour notice prior to any showing requests for the basement. However, don't let that stop you from reaching out to arrange an easy, convenient and private showing today. All information herein is deemed reliable but is not guaranteed. Buyer is therefore responsible to verify all listing information, including square footage/acreage, to Buyer's own satisfaction.

Key Features

  • Built in 1924
  • 0.19 acre lot
  • 2 stories
  • 3 parking spaces
  • Fireplace

Property Details

2 stories
2 full
3 spaces
1924

Amenities

FireplaceA/CRV Parking

Monthly Cost Estimate

$2,433/mo

20% down · 6.5% · 30 years

Principal$329
Interest$1,972
Insurance$133

Estimates only. Actual payments may vary.

Location

245 S 500 E

Provo, UT 84606

Features & Amenities

Interior Features

Kitchen: SecondMother-in-Law Apt.Range/Oven: Free Stdng.

Exterior Features

Basement EntrancePatio: Covered

Property Details

Pool Features

Patio

Parking

CoveredRV

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom single family at 245 S 500 E is listed at $455,000 ($247/sqft). The estimated monthly payment is $1,972 based on 20% down at 6.5% interest.

Key features include: Built in 1924, 0.19 acre lot, 2 stories, 3 parking spaces, Fireplace. Interior Features: Kitchen: Second, Mother-in-Law Apt., Range/Oven: Free Stdng.. Exterior Features: Basement Entrance, Patio: Covered.

This property is listed by Jordyn Archer and can be reached at 8015099000 or Jordyn@UtahEliteRealEstate.com.

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JA

Jordyn Archer

Agent at Berkshire Hathaway HomeServices Elite Real Estate

(801) 509-9000

Listed by Berkshire Hathaway HomeServices Elite Real Estate

MLS# 2125688· Source: listhub· Updated 133 days ago

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245 S 500 E, Provo, UT 84606

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