745 S HARRISON DR W #37 new Save Request In-Person Tour Request Virtual Tour
Springville,UT 84663
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,625 sqft
Price per Sqft $269
Subdivision West Field Central
MLS Listing ID 2109234
Style Five-Plex
Bedrooms 20
Construction Status Und. Const.
HOA Fees $700/mo
HOA Y/N Yes
Year Built 2025
Annual Tax Amount $10,000
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 150.0x50.0x150.0
Property Sub-Type > 4 Units
Property Description
Springville, Utah | 5-Plex Investment Opportunity Brand new 5-unit townhome building hitting the market-designed for the investor who wants both stability and appreciation upside. Each unit offers 4 bedrooms, 2.5 bathrooms, modern finishes, private balconies, 2-car garages, and functional layouts built for long-term tenant demand. Income Snapshot (Pro Forma): Monthly Rent per Unit: $2,318 Gross Scheduled Income: $139,080/year Net Operating Income (NOI): $97,438/year Cap Rate: 4.23% (based on bulk price of $2,325,000) Operating Assumptions: Property Taxes: $15,640/year (Utah County, non-owner occupied) Insurance: $3,750/year ($750 per unit) Management: 8% ($11,126/year) Maintenance (new build): 3% ($4,172/year) Vacancy: 5% ($6,954/year) Investor Highlights: Bulk Discount Pricing: $465,000 per unit (below retail comps; one unit already appraised at $480,000). Turnkey New Construction: Minimal maintenance in early years, maximizing NOI. Tenant-Friendly Design: Large bedrooms, full laundry rooms, walk-in pantries-features that command premium rents and tenant retention. Prime Location: 3 minutes to I-15, 1 minute to schools and parks, 5 minutes to Walmart/Smith's Marketplace, and minutes from Provo/Orem employment hubs. 1031 Exchange Ready: Strong cash flow with long-term appreciation in one of Utah's fastest-growing corridors. This is not a "what if" deal-this is new construction with completed phase comps already proving value. Whether you're looking to roll gains via a 1031 or lock in a long-term hold in Utah County, this 5-plex checks the boxes for stability, growth, and tenant demand. Subdivision maps, floorplans, and appraisal docs available upon request. Square footage figures are provided as a courtesy estimate only and were obtained from construction plans. Buyer is advised to obtain an independent measurement.
Location
State UT
County Utah
Area Provo; Mamth; Springville
Zoning Single-Family
Interior
Interior Features Bath: Primary,Closet: Walk-In,Disposal,Kitchen: Updated,Range/Oven: Free Stdng.,Dishwasher: Built-In
Heating Gas: Central
Inclusions Dishwasher: Portable, Microwave, Range, Refrigerator
Fireplace No
Window Features None
Exterior
Exterior Feature Balcony,Patio: Covered,Sliding Glass Doors
Garage Spaces 10.0
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Amenities Available Picnic Area,Playground
View Y/N Yes
View Mountain(s)
Roof Type Asphalt
Present Use Residential
Topography Road: Paved, Terrain, Flat, View: Mountain
Porch Covered
Total Parking Spaces 10
Private Pool No
Building
Lot Description Road: Paved,View: Mountain
Faces West
Sewer Sewer: Connected
Water Culinary
Structure Type Stone,Stucco
New Construction Yes
Construction Status Und. Const.
Schools
Elementary Schools Meadow Brook
High Schools Springville
School District Nebo
Others
Senior Community No
Tax ID 55-991-0037
Monthly Total Fees $700
Acceptable Financing Cash,Conventional,Exchange,FHA
Listing Terms Cash,Conventional,Exchange,FHA