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Multifamily

242 North 500 West

242 N 500 W, Provo, UT 84601

Listing Price: $2,420,000

Cap Rate
3.30%
Number of Units
10
GRM
14.67
Price/Unit
$242,000

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 444 West 200 North and 242 North 500 West Apartments. Located in the growing Provo market, this opportunity offers two meticulously maintained properties. The properties are available together or individually and provide a new owner well-located assets that are in excellent physical condition. A new owner can also add pet fees to further boost the property's revenue. Both properties benefit from their 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

  • AVAILABLE TOGETHER OR INDIVIDUALLY: This offering includes two properties on separate but adjacent parcels. They're available together or separately.
  • WELL-POSITIONED: Just north of downtown Provo, this property provides tenants with quick access to major employment centers, universities, and entertainment.
  • METICULOUSLY MAINTAINED: This Property has been well-maintained and updated to minimize capital expenditures and deferred maintenance for a new owner.

Exclusively Listed By

Multifamily

242 North 500 West

Listing Price: $2,420,000

Cap Rate
3.30%
Number of Units
10
GRM
14.67
Price/Unit
$242,000

Investment Highlights

  • AVAILABLE TOGETHER OR INDIVIDUALLY: This offering includes two properties on separate but adjacent parcels. They're available together or separately.
  • WELL-POSITIONED: Just north of downtown Provo, this property provides tenants with quick access to major employment centers, universities, and entertainment.
  • METICULOUSLY MAINTAINED: This Property has been well-maintained and updated to minimize capital expenditures and deferred maintenance for a new owner.

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of 444 West 200 North and 242 North 500 West Apartments. Located in the growing Provo market, this opportunity offers two meticulously maintained properties. The properties are available together or individually and provide a new owner well-located assets that are in excellent physical condition. A new owner can also add pet fees to further boost the property's revenue. Both properties benefit from their 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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