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Investment Highlights
- Turnkey Cash Flow: Occupied with tenants in place for immediate rental income upon acquisition.
- Institutional Maintenance: Properties have been maintained to Housing Quality Standards by the Provo City Housing Authority.
- Opportunity for tenants to maintain Housing Choice Vouchers for HUD-backed rent payments
- Mission-Driven Investment: Ideal for buyers looking to maintain community-focused housing while securing strong, predictable yields.
Executive Summary
Cap Rate and NOI on Pro Forma
Offering Process & Terms
This unique portfolio is being offered at market pricing, presenting a streamlined acquisition process for qualified investors. Due to the
high-demand nature of these assets, a structured Call for Offers has been established.
Transaction Highlights
• Structured Call for Offers: Bidding window opens Thursday September 10th and closes at 5pm on Wednesday September 23rd.
• Exclusive Property Showcase: All showings to be conducted between 10am to 6pm on September 16th or September 19th. Contact listing brokers to schedule.
• Nonprofit Seller Preferences: The seller is a nonprofit housing association. While all qualified bids will be evaluated, priority preference will
be given to buyers who demonstrate a commitment to:
- Maintaining the current tenant base and executing long-term leases
- Accepting rental payments backed by HUD Housing Choice Vouchers
- Purchasing multiple properties or the entire portfolio as a collective acquisition
• Due Diligence: Properties are sold as-is. Buyers are requested to independently verify all property data, including physical condition, square
footage, and age of improvements, during the due diligence period.
The Provo City Housing Authority Duplex Portfolio offers a rare opportunity to acquire seven strategically located multifamily properties in one of Utah County’s most stable and high-performing rental markets. Concentrated within a single geographic area, the portfolio provides operational efficiency alongside scalable multifamily ownership in a highly sought-after location. Ideally situated near Brigham Young University, major employment centers, shopping destinations, schools, parks, and with convenient access to Interstate 15 and regional transportation corridors, the properties are positioned to benefit from sustained tenant demand and long-term market growth. Constructed between 1977 and 1990, the portfolio consists of fourteen well-maintained residential units featuring spacious 3-, 4-, and 5-bedroom floor plans designed to attract long-term tenants and support strong occupancy levels. The properties offer functional layouts, generous square footage, and durable rental fundamentals within a market fueled by continued population growth, university-driven demand, and limited housing supply. With proven tenant appeal, stable income potential, and compelling long-term appreciation prospects, the Provo City Housing Authority Duplex Portfolio represents an exceptional investment opportunity in one of Utah’s most dynamic and resilient residential markets.
Offering Process & Terms
This unique portfolio is being offered at market pricing, presenting a streamlined acquisition process for qualified investors. Due to the
high-demand nature of these assets, a structured Call for Offers has been established.
Transaction Highlights
• Structured Call for Offers: Bidding window opens Thursday September 10th and closes at 5pm on Wednesday September 23rd.
• Exclusive Property Showcase: All showings to be conducted between 10am to 6pm on September 16th or September 19th. Contact listing brokers to schedule.
• Nonprofit Seller Preferences: The seller is a nonprofit housing association. While all qualified bids will be evaluated, priority preference will
be given to buyers who demonstrate a commitment to:
- Maintaining the current tenant base and executing long-term leases
- Accepting rental payments backed by HUD Housing Choice Vouchers
- Purchasing multiple properties or the entire portfolio as a collective acquisition
• Due Diligence: Properties are sold as-is. Buyers are requested to independently verify all property data, including physical condition, square
footage, and age of improvements, during the due diligence period.
The Provo City Housing Authority Duplex Portfolio offers a rare opportunity to acquire seven strategically located multifamily properties in one of Utah County’s most stable and high-performing rental markets. Concentrated within a single geographic area, the portfolio provides operational efficiency alongside scalable multifamily ownership in a highly sought-after location. Ideally situated near Brigham Young University, major employment centers, shopping destinations, schools, parks, and with convenient access to Interstate 15 and regional transportation corridors, the properties are positioned to benefit from sustained tenant demand and long-term market growth. Constructed between 1977 and 1990, the portfolio consists of fourteen well-maintained residential units featuring spacious 3-, 4-, and 5-bedroom floor plans designed to attract long-term tenants and support strong occupancy levels. The properties offer functional layouts, generous square footage, and durable rental fundamentals within a market fueled by continued population growth, university-driven demand, and limited housing supply. With proven tenant appeal, stable income potential, and compelling long-term appreciation prospects, the Provo City Housing Authority Duplex Portfolio represents an exceptional investment opportunity in one of Utah’s most dynamic and resilient residential markets.
Property Facts
| Price | $5,741,126 CAD | Number of Properties | 7 |
| Price / SF | $285.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 20,084 SF |
| Sale Type | Investment | Total Land Area | 1.49 AC |
| Status | Active |
| Price | $5,741,126 CAD |
| Price / SF | $285.86 CAD / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 20,084 SF |
| Total Land Area | 1.49 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1055-1057 W 2100 N, Provo, UT 84604 | Multifamily | 3,400 SF | 1990 | - |
| 612-614 N 1150 W, Provo, UT 84601 | Multifamily | 3,300 SF | 1979 | - |
| 621-623 N 1150 W, Provo, UT 84601 | Multifamily | 3,296 SF | 1980 | - |
| 621-623 W 1975 N, Provo, UT 84604 | Multifamily | 3,032 SF | 1978 | - |
| 696-698 W 1800 N, Provo, UT 84604 | Multifamily | 2,352 SF | 1977 | - |
| 703-705 W 1800 N, Provo, UT 84604 | Multifamily | 2,352 SF | 1978 | - |
| 706-708 W 1800 N, Provo, UT 84604 | Multifamily | 2,352 SF | 1978 | - |
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