745 S Harrison Dr W #37, Springville, UT 84663
Local realty services provided by:ERA Realty Center
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 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.
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Home facts
- Year built:2025
- Listing ID #:2109234
- Added:3 day(s) ago
- Updated:September 07, 2025 at 11:00 AM
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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