Discover this exceptional 4-plex nestled in a prime location just moments from downtown. Situated a mere three blocks east of the city center temple, this property offers unparalleled convenience to the heart of the city's vibrant attractions and amenities. Perfectly positioned near the UVX Bus Stop, commuting is a breeze for residents. Boasting a remarkable gross rental income exceeding $60,000 per year, this investment opportunity is truly lucrative. The 4-plex features two shared laundry rooms for added convenience, two covered parking spots for tenants' vehicles, and multiple large storage areas. With the potential to increase rent for long-term tenants, this property presents an enticing prospect for savvy investors looking to maximize returns in an unbeatable downtown location. New roof installed 6 years ago. There have been many other updates, such as new appliances, new and/or refinished floors, new paint, new lights, and a new water heater all within the past 5 years. The exterior paint is peeling in spots, but the metal siding is in great shape and just needs to be power washed and repainted. Seller is offering $10,000 concession to allow buyer to refinish the exterior (quote was under $8k). SHARED GAS/ELECTRIC METERS FOR THE FRONT TWO UNITS & THE BACK TWO UNITS. SHARED LAUNDRY FOR THE FRONT TWO UNITS & THE BACK TWO UNITS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 5:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,091
$494,500
2019
$2,370
$253,000
2017
$2,081
$192,995
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,034
Per Month
Principal & Interest
$4,967
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,050
Powered By
Advertisement
NMLS#3030
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.
Elementary School
5
/10
Provo Peaks School
665 E Center St
Distance between this listing and this school0.39 miles
Public District Grades KG-6
Middle School
5
/10
Centennial Middle School
305 E 2320 N
Distance between this listing and this school2.33 miles
Public District Grades 7-8
High School
4
/10
Eschool@Provo School District
280 W 940 N
Distance between this listing and this school1.18 miles
Public District Grades KG-12
5
/10
Timpview High School
3570 North 650 East
Distance between this listing and this school3.38 miles
Public District Grades 9-12
Assigned Schools
5
/10
Provo Peaks School
665 E Center St
Distance between this listing and this school0.39 miles
Public District Grades KG-6
Nearby Schools
7
/10
Provost School
629 S 1000 E
Distance between this listing and this school0.78 miles
Public District Grades KG-6
4
/10
Franklin School
350 S 600 W
Distance between this listing and this school0.84 miles
Public District Grades KG-6
Assigned Schools
5
/10
Centennial Middle School
305 E 2320 N
Distance between this listing and this school2.33 miles
Public District Grades 7-8
Nearby Schools
4
/10
Dixon Middle School
750 W 200 N
Distance between this listing and this school1.05 miles
Public District Grades 7-8
5
/10
Lakeridge Jr High School
951 S 400 W
Distance between this listing and this school4.27 miles
Public District Grades 6-9
Assigned Schools
4
/10
Eschool@Provo School District
280 W 940 N
Distance between this listing and this school1.18 miles
Public District Grades KG-12
5
/10
Timpview High School
3570 North 650 East
Distance between this listing and this school3.38 miles
Public District Grades 9-12
Nearby Schools
2
/10
Provo High School
1125 N University Ave
Distance between this listing and this school1.25 miles
The neighbors living near this home have an average income of $23,750. Most Provo, UT residents have annual incomes less than $35k. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 168 S 300 E in Provo, UT and zip code 84606 in the Maeser neighborhood. This 4,716 square foot home, which was built in 1942, sits on a 0.18 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $995,000.
The number of listings in Provo, UT increased by 60.5% between February 2024 and March 2024. While the average time on the market in March 2024 was 85 days, the median list price was $499,900.
From Rocket Homes Real Estate and based on county public records data.