UT
Utah
Springville
84663
745 S HARRISON W DR 37
745 S HARRISON W DR 37, Springville, UT 84663
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Listing Type
Multi Family
Listing Status
active
37
$2,325,000

Home Details for 745 S HARRISON W DR 37

Price
$2,325,000
Type
Residential Income
Bedrooms
20
Bathrooms
15.0
Square feet
8625
Year built
2025
Lot size acres
0.15
County
Utah
Garage
10
Days on site
19
MLS Listing#
2109234
Hoa
700
Property Description

Springville, Utah | 5-Plex Investment Opportunity Brand new 5-unit townhome building hitting the market-designed for the investor who wants both stability and appreciation upside. Each unit offers 4 bedrooms, 2.5 bathrooms, modern finishes, private balconies, 2-car garages, and functional layouts built for long-term tenant demand. Income Snapshot (Pro Forma): Monthly Rent per Unit: $2,318 Gross Scheduled Income: $139,080/year Net Operating Income (NOI): $97,438/year Cap Rate: 4.23% (based on bulk price of $2,325,000) Operating Assumptions: Property Taxes: $15,640/year (Utah County, non-owner occupied) Insurance: $3,750/year ($750 per unit) Management: 8% ($11,126/year) Maintenance (new build): 3% ($4,172/year) Vacancy: 5% ($6,954/year) Investor Highlights: Bulk Discount Pricing: $465,000 per unit (below retail comps; one unit already appraised at $480,000). Turnkey New Construction: Minimal maintenance in early years, maximizing NOI. Tenant-Friendly Design: Large bedrooms, full laundry rooms, walk-in pantries-features that command premium rents and tenant retention. Prime Location: 3 minutes to I-15, 1 minute to schools and parks, 5 minutes to Walmart/Smith's Marketplace, and minutes from Provo/Orem employment hubs. 1031 Exchange Ready: Strong cash flow with long-term appreciation in one of Utah's fastest-growing corridors. This is not a "what if" deal-this is new construction with completed phase comps already proving value. Whether you're looking to roll gains via a 1031 or lock in a long-term hold in Utah County, this 5-plex checks the boxes for stability, growth, and tenant demand. Subdivision maps, floorplans, and appraisal docs available upon request. Square footage figures are provided as a courtesy estimate only and were obtained from construction plans. Buyer is advised to obtain an independent measurement.

Property Features
  • Utilities
    • Natural Gas Available
    • Natural Gas Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Heating Information
    • Central
    • Natural Gas
  • Cooling Information
    • None
  • House Interior
    • Walk-In Closet(s)
School Information
School Information for 745 S HARRISON W DR 37, Springville, UT 84663
Elementary School
Meadow Brook
Middle School
N/A
High School
Springville
Listing Courtesy: Equity Real Estate (Premier Elite) - 801-651-3071
Wasatch Front Regional MLS logoBased on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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.
Last Updated: 2025-09-10 12:30:30
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1085 W. 9000 S. Ste 200, West Jordan, UT 84088
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