408 S 300 E, Provo, UT 84606

Property Description

Well-maintained, fully leased fourplex in one of Provo's most convenient central rental locations on 300 East. Four units (two up / two down), each 2 bedrooms and 1 bathroom with private entry, individual forced-air A/C and heat (two newer A/C systems installed 2024), and in-unit laundry (washers in kitchen; two units with dryer hookups and two with stacked combo units). Strong rental history with 3 units currently on month-to-month after completed 12-month leases and solid long-term occupancy. Current monthly rents are $1200, $1200, $1250, $1200. Tenants pay gas and electricity; owner covers water/sewer and garbage. Situated on a 0.19-acre lot with plenty of off street parking, minutes from Center Street dining and shopping, nearby parks (Maeser, Memorial), and within easy reach of BYU, UVU, FrontRunner, and I-15. Recent improvements include two new A/Cs (2024), carpet replacements, and washer/dryer upgrades. Combining strong location, updated systems, and current occupancy, this fourplex is an excellent long-term investment and a strong 1031 exchange property. Square footage figures are provided as a courtesy estimate only and were obtained from available records. Buyer is advised to obtain an independent measurement. No showings until an accepted offer is in place.