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2828 W CHESTNUT ST, Lehi, UT 84048
$564,985
Reduced from $584,985 · today
2828 W CHESTNUT ST, Lehi, UT 84048
Type
SFR
List Price
$564,985
Price/Sqft
$154
Est Gross Yield
4.9%
$27,408/yr est.
Property Details
Description
Rare rent-ready single-family home with townhome convenience! A rare find in Traverse Mountain, this 5-bed, 2.5-bath single-family home with a 2-car garage is rental-eligible, defying the community's strict rental restrictions. It is approved for stable long-term portfolio growth with a formal lease (per HOA rules, no short-term rentals or Airbnbs are permitted). This property perfectly delivers the best of both worlds: the grand scale and privacy of a detached home, with the effortless lifestyle of a townhome. The HOA maintains the front yard, while the private backyard is beautifully zero-scaped with a patio deck-no lawnmower required! Inside features 2,494 finished sq. ft., dramatic 10-ft ceilings, a 2-story grand entrance, and a chef's kitchen with granite counters and a gas stove. Massive equity and potential awaits in the 1,200 sq. ft. unfinished basement, which is already plumbed for a bath. Premium refrigerator, washer, and dryer are all included! Enjoy world-class TMMA resort amenities including a pool, gym, and pickleball courts, all just 5 minutes from I-15. Open house this Saturday-come see it before it is gone!
Listed by Cori Vanderbeek · Intermountain Properties
Location
2828 W CHESTNUT ST, Lehi, UT 84048
Proforma
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Cap Rate
3.23%
Cash-on-Cash
-3.87%
Cash Flow
-$683/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 6/19/2026, 6:04:07 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.