MLS #2027397 | 379 N 500 E, Provo

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Single Family Home for Sale

Exceptional investment opportunity! This property is fully approved for 6 singles and currently rented to 6 men, ensuring consistent revenue. Fully furnished, turnkey rental. It boasts three 1 car garages plus an additional carport, and lots of covered bike or motorcycle parking catering to tenants' parking needs. The outdoor living space is enhanced by a 240 sq ft covered patio, a delightful bonus not included in the reported square footage. Recent upgrades include a new cabinets, countertops and new dishwasher, adding to the property's value and appeal. Each private room is rented at $560/month, contributing to an approximate Net Operating Income (NOI) of $37,920. There's potential for increased revenue, with plans to raise rents to $600/month, making this an even more lucrative investment.

Rooms, Laundry, & Layout

	Beds	Baths	Laundry	Sq Ft
Floor 1	3	1	0	1,255
Basement^*	3	1	1	1,255

^*The basement is 100% finished.

Price Insights

Current price
Price per sq ft
Price per finished sq ft

$700,000
$279 / square foot
$279 / finished sq ft

41 Days on the Market

Status: Available

Schools, Inclusions, & Exclusions

Dryer, Range, Range Hood, Refrigerator, Washer, Window Coverings
Inclusions are often re-negotiated during contract negotiation.

Dryer, Range, Range Hood, Refrigerator, Window Coverings, Workbench

Provo School District

Elementary: Franklin
Middle: Farrer
Senior: Timpview

The Numbers

Interior :
Basement :
Style :
Year built :
Lot acres :
Lot sq ft :

2,510 square feet
100% finished
Style: Rambler/Ranch
1923
.17 acres
7,405 square feet

Home Features & Amenities

Features: Basement Apartment, Disposal, Updated Kitchen, Gas Range, Free Standing Range/Oven
Flooring: Carpet, Hardwood
Window Coverings: Blinds
Heating: Forced Air, Central Gas
Air Conditioning: Evaporative Cooling
Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Exterior: Brick, Composition
Roof: Asphalt
Style: Rambler/Ranch

Lot Size: 0.17 Acres (7, 405 sqft)
Utah County
Lot Info: Curb & Gutter, Partially Fenced, Paved Road, Sidewalks, Full Automatic Sprinkler, Mountain View

Private Showing

For showing appointments, call Jenn Kikel Lynn, Realtor^® to view the home at 379 N 500 E in Provo. Give Jenn Kikel Lynn, Realtor^® a call at (801) 641-1571.

379 N 500 E was listed on Oct 3rd, 2024 by Alliance Real Estate, PLLC, a real estate brokerage. 801-222-9449 is the contact info for the listing brokerage contact assigned for this listing.

Mortgage Calculator

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Estimated payments and calculations are provided for informational purposes only. Actual payments can vary based on many factors.

*Insurance must usually be added to your monthly payment. Costs vary based on many factors. Consult your insurance agent, your Realtor^®, and your lender.

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