358 W W 650 #A D is a $995,000, 4,220 square foot, 8 bedroom, 8.0 bath home on a 0.02 acre lot located in Payson, UT.
INVESTORS! This is a newer fourplex in the Pineridge Farms apartment complex in Payson, Utah. Gross rent represents 6.44% cap rate at the asking price! The property consists of four units, each 2 bed, 2 bath. HOA fees are $1040 per month. Current leases are 12 months and are as follows: Unit A $1409.50 Unit B $1485.50 Unit C $1308 Unit D $1438 TOTAL - $5641.00 Pictures are not of the actual units, but merely a representation provided by the management company. Actual properties were purchased per-construction by the current owner, who opted to purchase several upgrades offered by the developer, including engineered wood floors, granite countertops, and a stainless steel package for the kitchen, meaning tenants will prefer these units over ones without the upgrades. No showings will be available until the property is under contract so as to not disturb tenants. The property manager will arrange showings during the due diligence period. The property is currently professionally managed by Maxx Property Management, which offers investors 7% management fee on gross rents collected and is the HOA-designated master property management company for this development. HOA Services include: Water, Sewer Landscape Maintenance, Snow Removal, Garbage Service, Internet, Smart Home, and Master Insurance Policy features. Property is being sold BY OWNER.
| Above Grade Sqft | 4,220 |
| Interior Features | Clubhouse PicnicArea Playground |
| Heating Types | Electric |
| Exterior Features | PorchOpen RoadPaved PorchOpen SewerConnected WaterConnected Clubhouse |
| Construction Types | Stucco |
| Sewer | SewerConnected |
| Days on Market | 42 |
| Property Type | Residential |
| Property Sub Type | Quadruplex |
| Style | BltStanding Residential |
| Architectural Style | Stories2 |
| Year Built | 2021 |
| HOA Fee | $1,040.00 |
| Taxes | $5,141.00 |
| County | utah |
| School District | nebo |
| Elementary School | taylor |
| Middle School | payson jr |
| High School | payson |
| Neighborhood | Ridge |
| Financial Terms | Cash Conventional FHA VALoan |
Based on information from the Wasatch Front Regional Multiple Listing Service, last updated 09/09/2024 at 10:00am MDT. Listing information 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. Information deemed reliable but not guaranteed by the MLS or this website.
