About 339 S 600 W
Fully Leased Turnkey Opportunity! The property is 100% occupied, providing immediate cash flow in a prime Provo location. This investment includes two buildings (339 & 347) with 11 total units generating $12,320/month gross rent (339: Unit 1 - $1,100, Unit 2 - $1,090, Unit 3 - $1,095, Unit 4 - $1,235, Unit 5 - $1,085, Unit 6 - $1,000; 347: Unit 1 - $1,100, Unit 2 - $1,250, Unit 3 - $1,095, Unit 4 - $1,200, Unit 5 - $1,070). Two units are fully renovated, with all others in good condition. Tenants pay their own utilities through the property manager, and on-site laundry provides a great amenity to the tenants with revenue going to the vendor. If interested, Seller financing is available for up to 1 year with 20% down, 6% interest-only payments ($7,180), 0.5% origination fees at 6 and 9 months, and a 12-month balloon. Sale is lender-approved and not part of a 1031 exchange. Seller is motivated due to an unrelated financial obligation to the aforementioned lender. Showings: Interior tours are not available due to full occupancy unless under contract. Exterior tours are welcome at your convenience (please do not disturb tenants--no interior walkthroughs until after under contract), and a video walkthrough from June is available here (https://youtu.be/MDr0znhmsLg). This is a rare, fully leased investment property offering strong turnkey income in a desirable Provo location.
