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251 E 300 S, Springville, UT 84663
$2,100,000
251 E 300 S, Springville, UT 84663
Units
12
Price/Unit
$175,000
Price/Sqft
$234
Est Gross Yield
8.9%
$186,624/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 1BR / 1BA | 1 | 1 | 1 | 1 | $1,125/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,075/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,025/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,100/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $975/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,150/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,025/mo |
| Unit 8 | 1 | 0 | 1 | — | $825/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,125/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,085/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,065/mo |
| 1BR / 1BA | 1 | 1 | 1 | — | $1,075/mo |
| Total | 12 | 11 | 12 | 1 | $12,650/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 is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650. Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years.
Listed by Stephanie Lewis · Equity Real Estate (Results)
Location
251 E 300 S, Springville, UT 84663
Proforma
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Cap Rate
5.91%
Cash-on-Cash
3.29%
Cash Flow
$2,158/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 6/25/2026, 7:15:59 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.