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720 E 1720 S Orem, UT 84097
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Key Details
Sold Price -
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Subdivision Dream Meadow
MLS Listing ID 2174532
Sold Date -
Style Stories: 2
Bedrooms 8
Construction Status Blt./Standing
HOA Y/N No
Year Built 1967
Annual Tax Amount $3,906
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type Quadruplex
Property Description
Well-maintained, fully leased fourplex in one of Orem's most desirable and convenient rental locations. Fourplex featuring four townhouse-style units, each offering 1,000 square feet with 2 bedrooms and 1.5 bathrooms. Each unit includes washer and dryer hookups, central A/C, and central heating, with numerous updates completed throughout the property. Improvements include A/C installation, a roof replaced in 2018, driveway asphalt replaced, updated countertops in multiple units, two units with dishwashers, new carpet in one unit, and a new tub and shower surround in another unit. Current monthly rental income is $5,550, with rents of $1,350, $1,300 (month-to-month), $1,450, and $1,450 (month-to-month). Tenants pay their own gas and electricity, while the owner covers water, sewer, and trash. Situated on a 0.268-acre cul-de-sac lot with ample space behind the building, the property is conveniently located near University Place Mall and within 10 minutes of UVU, BYU, and I-15. Combining strong property condition with a prime Orem location, this fourplex presents an excellent long-term investment opportunity. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.
Location
State UT
County Utah
Area Pl Grove; Lindon; Orem
Zoning Multi-Family
Interior
Heating Gas: Central
Flooring Carpet, Laminate, Tile
Fireplace false
Exterior
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Cul-de-Sac
Total Parking Spaces 8
Private Pool false
Building
Lot Description Cul-De-Sac
Sewer Sewer: Connected
Water Culinary
Architectural Style Stories: 2
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Centennial
Middle Schools Lakeridge
High Schools Orem
School District Alpine
Others
Senior Community No
Tax ID 37-022-0002
Acceptable Financing Cash, Conventional, FHA, VA Loan
Horse Property No
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
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Bought with Rock Canyon Real Estate LLC
Nearby Locations
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