745 S Harrison Dr W #37, Springville, UT 84663

Local realty services provided by:ERA Brokers Consolidated
745 S Harrison Dr W #37,Springville, UT 84663
$2,325,000
  • 20 Beds
  • 15 Baths
  • 8,625 sq. ft.
  • Multi-family
  • Active
Listed by: luke kennard
Office: equity real estate (premier elite)
MLS#:2109234
Source:SL

Price summary

  • Price:$2,325,000
  • Price per sq. ft.:$269.57
  • Monthly HOA dues:$700

About this home

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

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Home facts

  • Year built:2025
  • Listing ID #:2109234
  • Added:77 day(s) ago
  • Updated:November 20, 2025 at 12:32 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:15
  • Living area:8,625 sq. ft.

Heating and cooling

  • Heating:Gas: Central

Structure and exterior

  • Roof:Asphalt
  • Year built:2025
  • Building area:8,625 sq. ft.
  • Lot area:0.15 Acres

Schools

  • High school:Springville
  • Elementary school:Meadow Brook

Utilities

  • Water:Culinary, Water Connected
  • Sewer:Sewer Connected, Sewer: Connected

Finances and disclosures

  • Price:$2,325,000
  • Price per sq. ft.:$269.57
  • Tax amount:$10,000

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