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60 W 300 S, Springville, UT 84663
$1,700,000
60 W 300 S, Springville, UT 84663
Units
7
Price/Unit
$242,857
Price/Sqft
$202
Est Gross Yield
8.1%
$137,988/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 3BR / 2BA | 1 | 3 | 2 | 1,218 | $950/mo |
| 4BR / 2BA | 2 | 4 | 2 | 1,458 | $1,235/mo |
| 3BR / 3BA | 1 | 3 | 3 | 1,798 | $1,290/mo |
| 1BR / 2BA | 1 | 1 | 2 | 725 | $900/mo |
| 2BR / 2BA | 2 | 2 | 2 | 890 | $1,100/mo |
| Total | 7 | 19 | 15 | 8,437 | $7,810/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Do NOT Disturb Tenants. Here's your chance to own a 100% occupied, 7-unit property conveniently located just off Main Street in the heart of Springville, Utah. Springville is strategically located between southern Provo and Spanish Fork, providing a convenient base for residents who work, study, or spend time in the surrounding area. This parcel consists of 3 duplexes, 1 single family home, 4 garages fit small to mid-size car, 1 RV garage, 1 storage office, 1 storage garage, 2 sheds plus vacant land. Note: one of the duplexes is a Victorian home legally divided to have an attached apartment-home. Total of 19 bedrooms/ 14 baths (8 full/ 6 at 3/4). With current gross rent over $7,800 per month, an attractive cap rate, and projected long-term returns, this property is ideally positioned for both immediate cash flow and appreciation. All leases are monthly, except two units, giving the new owner an opportunity to evaluate adjustments as leases allow since rents have not been increased in several years. Buyers should independently verify market rent potentials, garage rent potentials, pet rent potentials, storage shed rent potentials and review the current leases. All units come with washer, dryer, kitchen refrigerator, range, dishwasher, window AC unit. Excluded items: Tenant personal property including but not limited to all microwaves, all curtain rods and drapes, all ring doorbells, all cameras. Note one duplex has central AC only. There is undeveloped land on parcel which may offer potential for a future income-producing use such as a fourth duplex, subject to city approval and buyer verification. With city approval property may be used as hotel/motel, short term rentals, bed & breakfast Inn or other uses, buyer to verify city requirements and city approved uses. Seller has adjacent parcel for sale a 12 plex "the cottages" of Springville. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Listed by Lisa A Fluty · Homes International
Location
60 W 300 S, Springville, UT 84663
Proforma
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Cap Rate
5.40%
Cash-on-Cash
1.92%
Cash Flow
$1,022/mo
Quick estimates only. Switch to Detailed for full line-item control.
Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/3/2026, 8:39:20 AM. 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. Listing data provided by UtahRealEstate.com.