Unicorn 4Plex
Unicorn 4Plex
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Unicorn 4Plex
Unicorn 4Plex
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Unicorn 4Plex

1475 S 50 E, Orem, UT 84058

$995,000

There are only 755 fourplexes in Utah county, and this is your opportunity to acquire the ONLY active 3 bed 1 bath unit fourplex on the market. Boasting a 6.04% cap rate, this 100% leased investment property is the most lucrative and stabilized property on the market in Utah. In the past three months, the owner invested over $67,000 in capital improvements performed by licensed professionals (no lipstick on a pig). On the exterior, the following work was just 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! *** Check out the 3D Virtual Tour! *** https://matterport.com/discover/space/4z7DHusR1f1

12
beds

3,988 Sq.Ft. LIVING AREA

0.27 Acres lot

Mike Gooch

Mike Gooch

Features & Amenities

Interior

  • total bedrooms12
  • Laundry room Electric Dryer Hookup
  • Flooring Tile, Vinyl
  • other interior Features Kitchen: Updated, Range/Oven: Built-In, Dishwasher: Built-In

Area & Lot

  • Status Sold
  • Living Area3,988 Sq.Ft.
  • Lot Area0.27 Acres
  • MLS® ID1841687
  • TypeResidential
  • YEAR BUILT1974
  • Architecture StylesUp And Down
  • Elementary SchoolCherry Hill
  • Middle SchoolLakeridge
  • High SchoolMountain View
  • School DistrictAlpine

Exterior

  • water SourceCulinary
  • utilitiesNatural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
  • roofAsphalt
  • lot featuresCurb Gutter, Fenced: Part, Sidewalks, Sprinkler: Auto-Full
  • parkingParking: Uncovered
  • HEAT TYPEGas: Central
  • sewerSewer: Connected
  • SubstructureBrick
  • other exterior FeaturesLighting

Financial

  • Sales Price$995,000
  • Real Estate Tax $2,884/yr
  • Zoning Multi-Family
Unicorn 4Plex

If you're looking for a hassle-free and cash-flowing investment property, this is it!

– Mike Gooch

Work With Mike

His unprecedented professionalism, skill, and attention to detail has allowed him to set sales records for the past years. Mike will ensure your buying or selling experience exceeds your expectations. Contact him today to start your home searching journey.

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