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    420 W 600 N

    Orem, UT 84057
    • $248,500
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: 1707236
    New On Site 5 Days Ago
    UPDATED: 39 min ago
    $248,500
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    This is a a shovel-ready 4plex project in Orem specifically for seniors. Entitlements are in place and building plans have been approved by the city. Seller has even paid the permit fee--you get the permit as part of the purchase. It's literally shovel-ready because you can immediately start digging. Property has entitlements and building for a senior housing fourplex with rent limits for 3 bed units are $1336 but more likely to rent in $1100-1200 range. Seller has had the entitlements for a couple of years and permit ready for 8 months. He moved to Hawaii and just too hard to build from there. It's an awesome project targeting an ideal demographic. You have to rent to seniors who make up to $48k per year. Basically, middle class seniors--can you think of more stable and low-impact tenants? You have a little bit of hassle with with rent limits and income limits but should be easy enough to find great tenants who will stay long-term. Buyer/broker verify everything.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-10-20T09:35:43.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.theperry.group/homes/110980603
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    420 W 600 N Orem, UT 84057

    • Price: $248,500
    • Status: Active
    • Updated: 39 min ago
    • ID#: 1707236
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    Neighborhood:
    Pl Grove; Lindon; Orem
    County:
    Utah
    Area:
    Pl Grove; Lindon; Orem
    Elementary School:
    Geneva
    Middle School:
    Orem
    High School:
    Timpanogos
    School District:
    Alpine
    Property Description
    This is a a shovel-ready 4plex project in Orem specifically for seniors. Entitlements are in place and building plans have been approved by the city. Seller has even paid the permit fee--you get the permit as part of the purchase. It's literally shovel-ready because you can immediately start digging. Property has entitlements and building for a senior housing fourplex with rent limits for 3 bed units are $1336 but more likely to rent in $1100-1200 range. Seller has had the entitlements for a couple of years and permit ready for 8 months. He moved to Hawaii and just too hard to build from there. It's an awesome project targeting an ideal demographic. You have to rent to seniors who make up to $48k per year. Basically, middle class seniors--can you think of more stable and low-impact tenants? You have a little bit of hassle with with rent limits and income limits but should be easy enough to find great tenants who will stay long-term. Buyer/broker verify everything.
    Exterior Features

    Frontage Facing S Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0

    Property Features

    Hoa No Hoa Fee 0 Land Property Type ResidentialMulti Housing Lease Price 0.00 Owner Type Owner/Agent Taxes 938 Terms Cash Water Shares1 0.00 Water Shares2 0.00 Water Shares3 0.00 Zoning Code Sf/Ash

    Listing provided courtesy of Advantage Management & Real Estate Sales Division. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2020-10-20T09:35:43.783. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
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    The Perry Group | Keller Williams Realty
    2121 S McClelland St. #201
    Salt Lake City UT, 84106