535 N 700 E Unit 1-4 Spanish Fork, UT 84660
Estimated payment $4,784/month
Highlights
- No HOA
- Carpet
- No Heating
- Landscaped
About This Home
Multi-family investment opportunity! Come discover this awesome 4-plex in a prime location in the heart of Spanish Fork! It's located conveniently close to the major shopping centers, the new IHC hospital, and both major highways I-15 and Highway 6. This property has been well maintained and managed by the same property manager since it was built! Most tenants have stayed for multiple years keeping very low vacancy rates. Property Details: 4 units, each unit has 2 bedrooms and 1 bath and is approximately 900 sq ft. Washer/dryer hookups located in the second bedroom. There is an additional sink/vanity outside of the bathroom. Each unit includes an additional storage closet on the West side of the building. There is a grass section on the East side of the building and a large parking lot on the West side. All units have similar floor plans with different flooring. Rental/Income Details: The rents have been well below market value due to long-term tenancy. The tenants have signed new leases with increased rates through Dec. 2025. There are separate meters for gas and electricity. The owner pays for landscaping, snow removal, water, sewer, and irrigation. There are plenty of opportunities to increase the profitability of this investment! Contact the listing agent to schedule your showing. Please do not disturb the tenants! All units will be available to see with a reasonable offer. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,975
Year Built
- Built in 1981
Lot Details
- 0.41 Acre Lot
- Landscaped
- Sprinkler System
Home Design
- 3,874 Sq Ft Home
- Quadruplex
- Brick Exterior Construction
- Metal Roof
Kitchen
- Free-Standing Range
Flooring
- Carpet
- Linoleum
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Schools
- Park Elementary School
- Spanish Fork Jr Middle School
- Spanish Fork High School
Utilities
- No Cooling
- No Heating
- Natural Gas Connected
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 07-103-0008
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2025 05/31/25 | Price Changed | $839,000 | -5.7% | $217 / Sq Ft |
| 02/07/2025 02/07/25 | Price Changed | $890,000 | -2.7% | $230 / Sq Ft |
| 11/15/2024 11/15/24 | For Sale | $915,000 | 0.0% | $236 / Sq Ft |
| 11/08/2024 11/08/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | Price Changed | $915,000 | -1.1% | $236 / Sq Ft |
| 08/30/2024 08/30/24 | For Sale | $925,000 | -- | $239 / Sq Ft |
Source: UtahRealEstate.com
MLS Number: 2020748
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