342 150 Orem, UT 84058

342 S 150 W is a 3,264 SF turnkey, yet still value-add fourplex consisting of four 2BD/1BA units that are roughly 816 SF. The property was built in 1976 and has been very well-maintained by the current owner. All four units have been updated, and each unit has above average rents. The property boast...s central heating and air conditioning, above range microwaves, tile or new plank flooring in the kitchen and bathroom, washer and dryers that are included, faux wood blinds in 2 units, newer oak or hickory cabinets and newer laminate counter tops. All units except unit 1 have dish washers. The property also has a sprinkler system, double pane windows and 8 parking spaces in the rear of the property. The average rent for a 2BD/1BA in the Orem area is $1,316. This property averages $1,400. There is also a $50 charge for water/sewer/trash, making the actual rental amount closer to an average of $1,450, or 10.1% higher than the average. 342 S 150 W is part of four fourplexes that are currently on the market from the same seller. The others are 330 S 150 W, 352 S 150 W and 372 S 150 W. An investor therefore has the opportunity to purchase 16 units that are all adjacent to one another. These fourplexes have top of market rents for a reason. The units have been taken care of and managed by a professional company that takes pride in having the best-in-class multifamily units. Other MLS Listings: 2023263, 2023265, 2023264 Continue reading