$5,900,000
Beds:
72
Baths:
24
Sqft:
16,988
Sqft lot:
16,988
Acre lot:
0.39
51 Days On Market -
Courtesy of Grant Collard, Redstone Residential Inc 801-999-0025
Status:
Active
Property Type:
Twin
Year Built:
2019
Days On Website:
51
Description
University Park Apartments, located at 225 E. 700 N., Provo, Utah, is one of Brigham Young University's closest off-campus student housing properties. Located only 75 yards from the southern border of BYU's campus, in the historic and student-dense Joaquin Neighborhood, University Park continuously enjoys full tenant occupancy due to its unbeatable next-door proximity to campus. While University Park used to be part of the tightly restricted BYU contracted housing, the university recently eliminated the need for students to live in contracted housing. University Park can now benefit from a broader renter base while having fewer landlord compliance requirements. This 2-story, all-brick property, built in 1971 and fully renovated in 2019, consists of 72 beds in twelve 3X2 units. Additionally, connected to the building is a 2 story, reinforced concrete, parking structure, which provides ample tenant parking. Provo, Utah was named the #1 strongest economy in the nation and enjoys a robust rental housing market. With its location just steps away from incredible outdoor recreation, popular restaurants and a wide variety of fun and enjoyable community locations and events, it has contributed to BYU becoming a destination for students from across the world. University Park has 100% occupancy and the overall off-campus vacancy rate at BYU is 1.6%.
Features
Building
- Architectural Style: Other/See Remarks
- Building Area Total: 16988
- Living Area: 16988
- Living Area Units: Square Feet
- Year Built: 2019
Basement
- Basement: See Remarks
Bathrooms
- Bathrooms Full: 24
- Bathrooms Total Integer: 24
Bedrooms
- Bedrooms Total: 72
Location
- City: Provo
- Country: US
- County Or Parish: Utah
- Cross Street: 700
- MLS Area Major: Provo; Mamth; Springville
- Postal City: Provo
- Postal Code: 84606
- State Or Province: UT
- Street Dir Prefix: E
- Street Dir Suffix: N
- Street Name: 700
- Street Number: 225
- Street Number Numeric: 225
- Unparsed Address: 225 E 700 N
Property
- Current Use: Residential
- Parcel Number: 05-082-0007
- Property Condition: Blt./Standing
- Property Sub Type: Twin
- Property Type: Residential
Schools
- Elementary School: Provo Peaks
- Elementary School District: Provo
- High School: Timpview
- High School District: Provo
- Middle Or Junior School: Centennial
- Middle Or Junior School District: Provo
Listing
- Listing Id: 2026590
- List Price: 5900000
- Mls Status: Active
- Standard Status: Active
Lot
- Lot Size Acres: 0.39
- Lot Size Area: 0.39
- Lot Size Dimensions: 0.0x0.0x0.0
- Lot Size Square Feet: 16988
- Lot Size Units: Acres
Taxes
- Tax Annual Amount: 134855
Property Map
Map View
$5,900,000 - 225 E 700 N, Provo, UT 84606
Street View
Directions
225 E 700 N
Provo, UT 84606
City: Provo