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Backup Offers

1475 S 50 E, Orem, UT, 84058

$1,299,999

Home List Price

$10,000*

Closing Credit

12 Bedrooms
4 Baths
3,988 SqFt
$326/SqFt
Multi
Schools Nearby

Location

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1475 S 50 E, Orem$1,299,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingParking: Uncovered
Year Built1974
MLS #1985523
Lot Size0.27 Acres
StatusAccepting Backup Offers
(Backup)

About 1475 S 50 E

*** SELLER FINANCING with 5% interest rate for 2 years! *** Boasting a 6.74% cap rate, this 100% leased investment property is the most lucrative and stabilized property on the market in Utah. The owner has recently invested over $67,000 in capital improvements performed by licensed professionals (no lipstick on a pig). On the exterior, the following work was recently completed: 4 new A/C units, new sprinkler system and sod, new Tuff sheds in the parking lot, and a fresh coat of paint around the entire property. All but one of the four units have undergone extensive renovations consisting of new stainless-steel appliances (fridges, ovens, and dishwashers), luxury vinyl flooring, new quartz countertops in the kitchens and bathrooms, stainless-steel farmhouse kitchen sinks, new lighting, and new paint throughout. If you're looking for a hassle-free and cash flowing investment property, this is it!

Property Details

Property Features

Property Information:

  • Architectural Style: Up And Down
  • Year Built: 1974
  • Stories: 0
  • Living Area: 3,988 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty (Provo-Orem-Sundance)
  • Office Phone: (801) 434-5100
  • Listing Agent: Mike Gooch

Interior Features

Interior Information:

  • Flooring Type: Tile, Vinyl
  • Interior: Kitchen: Updated, Range/Oven: Built-In, Dishwasher: Built-In

Bedroom and Bathroom Information:

  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting

Parking Information:

  • Attached Garage: No
  • Parking: Parking: Uncovered

Lot Features

Lot Information:

  • Lot: Curbs, Sidewalk, Sprinklers
  • Lot Size: 0.27 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,299,999
  • Price Per SqFt: $326/SqFt
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Housing Market Comparison

See how this home compares to others in Orem, UT.

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Orem, UT

City

Med. List Price

$524.9K

Med. Price/SqFt

$237

Avg. Days On Market

78

1475 S 50 E vs Orem

38 DAYS ON ROCKET

-40 Days

$1,299,999

+$775K More

$326/SqFt

+$88 More

KEY TAKEAWAY

This property is $775K more than the Median List Price and $88/SqFt more than other homes in Orem, UT.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Name: UtahRealEstate.com
  • MLS Number: #1985523

Listing Office:

  • Office Name: Coldwell Banker Realty (Provo-Orem-Sundance)
  • Office Phone: (801) 434-5100
  • Listing Agent: Mike Gooch

IDXBased on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/19/2024, 12:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-264692
4
/10

  • Cherry Hill School

  • 250 E 1650 S

  • 0.34 miles

  • Public District Grades PK-6

school-card-donut-264693
5
/10

  • Westmore School

  • 1150 S Main St

  • 0.42 miles

  • Public District Grades PK-6

school-card-donut-264694
6
/10

  • Westridge School

  • 1720 W 1460 N

  • 1.11 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,625. The most common annual income of people living in Orem, UT is between $35k-100k. Residents typically live in married, with kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Cherry Hill, Orem

What type of housing is available in Cherry Hill, Orem?

The split between renters and homeowners is about even. Single detached homes are the most common housing type, representing roughly 45% of dwellings in this part of the city, whereas the remainder are mainly small apartment buildings. The average year of construction for properties in this neighborhood is 1971. This part of the city is primarily composed of four or more bedroom and two bedroom homes.

Is Cherry Hill, Orem a good place to live?

Cherry Hill offers a slower-paced atmosphere and will appeal to home buyers who enjoy spending time outdoors. There are a few green spaces nearby for residents to visit and they are especially well-spread out, making it easy to access them from most locations within the neighborhood. This area is also very quiet, as there isn't a lot of street noise or city clamor.

Are things conveniently located in Cherry Hill, Orem?

It is frequently an option for house buyers in this part of the city to do their grocery shopping on foot. Likewise, those who like to dine in restaurants will have a fair number of opportunities, and a limited variety of coffee shops is available as well. A decent choice of clothing stores is also located within a rather short walking distance. With respect to education, in this part of Orem, property buyers will usually be able to access primary schools by walking. On the other hand, Cherry Hill does not contain any high schools.

What does the transportation in Cherry Hill, Orem look like?

Walking is reasonably practical for home buyers in this part of Orem, although meeting daily needs is occasionally challenging without using a vehicle. Commuting by car is convenient in Cherry Hill. It is convenient to find a parking spot. On the other hand, public transit riders may have limited options in this neighborhood as a result of the low service level.

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Rocket Homes›Utah›Utah County›Orem›84058›1475 S 50 E

This home is located at 1475 S 50 E in Orem, UT and zip code 84058 in the Cherry Hill neighborhood. This 3,988 square foot home, which was built in 1974, sits on a 0.27 acre lot. Features: 12 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $1,299,999.

Between February 2024 and March 2024, Orem, UT real estate market has seen increase in the number of listings by 91%. Listings spent 78 days on the market in March 2024, and had a median list price of $524,950 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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