720 E 1720 S, Orem, UT 84097
720 E 1720 S, Orem, UT 84097
720 E 1720 S, Orem, UT 84097
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Chad Rawlins

Chad Rawlins

+1(801) 414-2115
$945,000
Est. payment /mo
8 Beds
6 Baths
4,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $236

Subdivision Dream Meadow

MLS Listing ID 2174532

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 No

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 No

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

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Rock Canyon Real Estate LLC

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Chad Rawlins

Chad Rawlins

+1(801) 414-2115

Principal Broker | License ID: 6568231-PB00

Principal Broker License ID: 6568231-PB00

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720 E 1720 S