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232 N 250 E, Orem, UT 84057
$1,149,998
232 N 250 E, Orem, UT 84057
Units
4
Price/Unit
$287,500
Price/Sqft
$277
Est Gross Yield
5.6%
$64,560/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 2BA | 1 | 2 | 2 | 1,064 | $1,600/mo |
| 2BR / 2BA | 1 | 2 | 2 | 1,015 | $1,300/mo |
| 2BR / 2BA | 1 | 2 | 2 | 1,015 | $1,600/mo |
| 2BR / 2BA | 1 | 2 | 2 | 1,015 | $1,600/mo |
| Total | 4 | 8 | 8 | 4,109 | $6,100/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
This well cared for 4-plex has seen over $80,000 in recent capital improvements by licensed contractors. Three of the four units were extensively renovated with new stainless steel appliances, luxury vinyl flooring, quartz countertops in the kitchens and bathrooms, stainless steel farmhouse sinks, updated lighting, and fresh paint throughout. All units have AC. Since purchasing the property, the current owner has continued to improve and maintain the building. Recent upgrades include a new washer and dryer, new water heater, a new furnace, electrical updates, plumbing updates, new bath and shower, and refreshed landscaping. New excellent tenants have been placed since the purchase. The property is fully leased to great tenants at a combined rent of $6,100 per month. Units in this location lease in under ten days due to strong demand in Orem. This is a turn key, low maintenance asset in a highly desirable area. If you are looking for a clean, updated, and easy to manage investment with strong rent performance, this is an excellent option.
Listed by Kian Torimi · Selling Salt Lake
Location
232 N 250 E, Orem, UT 84057
Proforma
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Cap Rate
3.73%
Cash-on-Cash
-2.52%
Cash Flow
-$904/mo
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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 6/24/2026, 11:52:39 AM. 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.