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$1,699,900

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15 BD

8 BA

7,164 SqFt

Active

2042 S NEVADA AVE Provo, UT 84606

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Element Real Estate Brokers

admin@elementreb.com +1(435) 200-1991

UPDATED:

10/23/2024 09:36 PM

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,164 sqft

Price per Sqft $237

Subdivision Mansion House Condo

MLS Listing ID 2026309

Style Stories: 2

Bedrooms 15

Construction Status Blt./Standing

HOA Y/N No

Year Built 1978

Annual Tax Amount $7,800

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 0.0x0.0x0.0

Property Description

Incredible investment opportunity generating an impressive $9,205 in gross monthly rental income! This well-maintained 7-plex boasts strong tenant occupancy and includes 6 spacious 2-bed, 1-bath units, plus an upgraded 3-bed, 2&1/2-bath unit featuring a private balcony deck for indoor/outdoor living and direct private garage access. Each unit has its own gas and power meters. Several units have received recent upgrades, including new flooring, kitchen cabinets, appliances, windows, fresh paint, and updated bathrooms. Residents enjoy private interior garages, with an additional 10 guest parking spaces available. Ideally situated for students and young professionals, the property offers a prime location with a quick 9-minute commute to BYU and 15 minutes to UVU, as well as a short distance to a variety of major employers and businesses including those at East Bay Tech Park, Noorda College of Osteopathic Medicine, Nestle, Vanderhall and Little Giant Ladders. Nestled against the mountains, tenants can also take advantage of nearby outdoor recreation, with the Bonneville Shoreline Trail and Weatherman's Lookout just minutes away. Additionally, with convenient access to State Street and a 5 minute commute to I-15, residents benefit from a variety of nearby shopping, dining, and entertainment options. Don't miss out on this exceptional investment opportunity, Reach out for more details today! Buyer/Buyer's Agent to verify all information.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Zoning Multi-Family

Interior

Interior Features Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Forced Air, Gas: Central

Flooring Carpet, Laminate, Tile

Inclusions Range, Refrigerator

Fireplace No

Laundry Electric Dryer Hookup

Exterior

Garage Spaces 7.0

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

Waterfront No

View Y/N Yes

View Lake, Mountain(s)

Roof Type Asphalt

Present Use Residential

Topography Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Lake, View: Mountain

Parking Type Covered, Parking: Uncovered

Total Parking Spaces 17

Private Pool false

Building

Lot Description Corner Lot, Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Lake, View: Mountain

Faces Northeast

Sewer Sewer: Connected, Sewer: Public

Water Culinary, Irrigation

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Spring Creek

Middle Schools Centennial

High Schools Timpview

School District Provo

Others

Senior Community No

Tax ID 46-162-0001

Acceptable Financing Cash, Commercial Fin. Req., Exchange

Listing Terms Cash, Commercial Fin. Req., Exchange

Listed by Woodley Real Estate

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Element Real Estate Brokers

Broker | License ID: 13589667-CN00

+1(435) 200-1991

Element Real Estate Brokers

2042 S NEVADA AVE Provo, UT 84606

Element Real Estate Brokers

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2042 S NEVADA AVE