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1018 N 985 W photo 11 / 30

$325,000

1018 N 985 W, Orem, UT 84057

Type

Condo

List Price

$325,000

Price/Sqft

$224

Est Gross Yield

6.9%

$22,404/yr est.

Property Details

Property typeCondo
Year built2008
Total units1
Living area1,449 sqft
Bedrooms3
Bathrooms1
Lot size0.03 acres
Parking2 spaces
Days on market37
Listed2026-05-13T00:00:00+00:00

Description

This charming 3-bedroom, 1-bath ground-floor condo offers comfortable, low-maintenance living in an unbeatable location near BYU and UVU, and convenient access to I-15. Perfect for students, commuters, first-time buyers, or investors alike. Inside, you'll find a functional and inviting layout with the convenience of ground-floor access. The bathroom is handicap accessible, and has ample space to convert it to two separate bathrooms. The unit also features a newer water heater installed around 2021, plus a dedicated space to add a water softener if desired. The dishwasher was replaced in May 2023 and the garbage disposal was replaced in December 2024. This condo comes partially furnished with all that you see in the pictures. Enjoy a wide range of HOA amenities, including a pool, clubhouse with fitness gym, beautifully maintained landscaping, and snow removal for easy year-round living. HOA dues also cover water, sewer, trash, cable, and internet, leaving you with only gas and electricity to pay. Conveniently located and packed with value, this condo is a fantastic opportunity in a highly desirable area. Seller is offering $2,500 in closing costs toward new carpet!

Listed by Brooke Fresh · Lotus Real Estate

Location

1018 N 985 W, Orem, UT 84057

Proforma

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Cap Rate

4.58%

Cash-on-Cash

-0.25%

Cash Flow

-$25/mo

Purchase Price$325,000
Down Payment35% ($113,750)
Interest Rate6.00%
Monthly Rent$1,867/mo
Vacancy5%
Expense Ratio30% ($6,385)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/19/2026, 10:53:56 PM. 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. Listing data provided by UtahRealEstate.com.