420 W 600 N $248,500

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    420 W 600 N Orem, UT 84057

    • 0.27 Acres
    • Land
    • MLS# 1707236
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    Views: 0 Days On Site: 185

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    Property Details

    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.

    • General Features
      • Association Fee 0
      • County Or Parish Utah
      • New Construction Y/N No
      • Number Of Units Total 0
      • Open Parking Y/N No
      • Property Sub Type Residential
      • Senior Community Y/N No
      • Tax Annual Amount 938.0
      • View Y/N No
      • Waterfront Y/N No
      • Year Built 0
    • Building Features
      • Attached Garage Y/N No
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Building Area Total 0
      • Cooling Y/N No
      • Fireplaces Total 0
      • Garage Spaces 0
      • Garage Y/N No
      • Heating Y/N No
      • Living Area 0
      • Living Area Units Square feet
      • Main Level Bedrooms 0
      • Stories Total 0
      • Three-Qtr Bathrooms 0
    • Property Features
      • Carport Spaces 0
      • Carport Y/N No
      • Covered Spaces 0
      • Lot Size Acres 0.27
      • Lot Size Dimensions 0.0x0.0x0.0
      • Lot Size Square Feet 11761.2
      • Lot Size Units Acres
      • Parking Total 0
      • Pool Private Y/N No
    • Schools
      • Elementary School Geneva
      • High School Timpanogos
      • High School District Alpine
      • Middle Or Junior School Orem

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    Neighborhood

    84057 (Orem) Demographics

    25 Median Age
    6,295 Population Density (per sq. mile)
    43% College Educated
    $53,848 Estimated Median Income
    6,552 Estimated Total Home Owners
    4,773 Estimated Total Renters
    58% / 42% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    39,733 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    51 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $248,500
        10/21/2020 4:31:52 AM Status Changed Source New Value: Under Contract
        10/14/2020 2:33:00 AM New in Database Source New Value: $248,500

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        The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange (IDX) program of the Wasatch Front Regional Multiple Listing Service, Inc. The information on this website is provided exclusively 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. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2021 Wasatch Front Regional Multiple Listing Service, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.