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37 S 700 W 4 Unit Apartment Building $1,016,421 CAD ($254,105 CAD/Unit) 2.60% Cap Rate Provo, UT 84601
Investment Highlights
- Prime Provo location near BYU, UVU, and downtown, with quick freeway access
- 2-Bedroom Unit, (2) 1-Bedroom Units, Studio Apartment
- Strong rental market with consistent demand and long-term appreciation
Executive Summary
Excellent opportunity to acquire a well-maintained 4-plex in a prime Provo location near BYU, UVU, and downtown, with quick freeway access. Property includes 4 units: a 2-bedroom, two 1-bedroom, and a studio apartment. Building has had remodel updates throughout under current ownership as well as a new boiler system and upgraded electrical systems. Features onsite shared laundry hookups, ample onsite parking and separate electric meters. Strong rental market with consistent demand and long-term appreciation potential. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,016,421 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $254,105 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 2.60% | Building Size | 2,400 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1928 |
| Zoning | Commercial Zone - General Commercial Zone | ||
| Price | $1,016,421 CAD |
| Price Per Unit | $254,105 CAD |
| Sale Type | Investment |
| Cap Rate | 2.60% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1928 |
| Zoning | Commercial Zone - General Commercial Zone |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,512 CAD | 960 |
| 1+1 | 2 | $1,448 CAD | 600 - 610 |
| Studios | 1 | $1,238 CAD | 450 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04-055-0013 | Total Assessment | $541,059 CAD |
| Land Assessment | $295,096 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $688,648 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
04-055-0013
Land Assessment
$295,096 CAD
Improvements Assessment
$688,648 CAD
Total Assessment
$541,059 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
Contacts
-
Loree Beveridge -
Steve Tobias -
Apex Commercial - KW South Valley Keller Williams
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37 S 700 W
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