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Multifamily

820 East Center Street

820 E Center St, Provo, UT 84606

Listing Price: $3,800,000

Cap Rate
3.70%
Number of Units
16
GRM
13.83
Price/Unit
$237,500

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 800 East Center Street Apartments. Located in the growing Provo market, this opportunity offers a meticulously maintained property. Multiple units with discounted rents provide upside for a new owner by bringing them up to market rates. New ownership can introduce pet fees to further boost the property's revenue. 800 East Center Street benefits from it's proximity to downtown and I-15. Provo is considered one of the state's larger business centers and offers various economic and recreational appeals. Large companies and schools nearby such as Brigham Young University, Vivint, and Qualtrics add to the strong and growing local economy.

Investment Highlights

  • METICULOUSLY MAINTAINED: This Property has been well-maintained and updated to minimize capital expenditures and deferred maintenance for a new owner.
  • REVENUE UPSIDE: Multiple units have discounted rents, providing opportunity for the new owner to bring them up to market rates.
  • WELL-POSITIONED: Located on Center Street, this property provides tenants with quick access to major employment centers, universities, and entertainment.

Exclusively Listed By

Multifamily

820 East Center Street

Listing Price: $3,800,000

Cap Rate
3.70%
Number of Units
16
GRM
13.83
Price/Unit
$237,500

Investment Highlights

  • METICULOUSLY MAINTAINED: This Property has been well-maintained and updated to minimize capital expenditures and deferred maintenance for a new owner.
  • REVENUE UPSIDE: Multiple units have discounted rents, providing opportunity for the new owner to bring them up to market rates.
  • WELL-POSITIONED: Located on Center Street, this property provides tenants with quick access to major employment centers, universities, and entertainment.

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 800 East Center Street Apartments. Located in the growing Provo market, this opportunity offers a meticulously maintained property. Multiple units with discounted rents provide upside for a new owner by bringing them up to market rates. New ownership can introduce pet fees to further boost the property's revenue. 800 East Center Street benefits from it's proximity to downtown and I-15. Provo is considered one of the state's larger business centers and offers various economic and recreational appeals. Large companies and schools nearby such as Brigham Young University, Vivint, and Qualtrics add to the strong and growing local economy.

Exclusively Listed By

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