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502 S 1040 E photo 11 / 34

$299,900

502 S 1040 E, American Fork, UT 84003

Type

Condo

List Price

$299,900

Price/Sqft

$284

Est Gross Yield

6.7%

$19,944/yr est.

Property Details

Property typeCondo
Year built2007
Total units1
Living area1,057 sqft
Bedrooms2
Bathrooms2
Lot size0.02 acres
Parking1 spaces
Days on market16
Listed2026-05-27T00:00:00+00:00

Description

Are you looking for a place you can lock and leave while you travel, or an easy 55+ home that's simple to manage? This is the one. Welcome to this beautifully updated 2-bedroom, 1-bath condo in a highly desirable 55+ community in the heart of American Fork. This is truly one of the nicest units in the community, with a thoughtfully updated kitchen and bathrooms featuring beautiful finishes throughout. The layout is comfortable and functional with spacious bedrooms and easy main-level living, perfect for low-maintenance living. Enjoy access to a clubhouse, indoor pool, exercise room, library, and inviting common areas to gather and connect. Located close to shopping, dining, and everyday conveniences, this community offers a great balance of ease and accessibility.

Listed by Susy Clyde · KW WESTFIELD

Location

502 S 1040 E, American Fork, UT 84003

Proforma

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Cap Rate

4.42%

Cash-on-Cash

-0.68%

Cash Flow

-$64/mo

Purchase Price$299,900
Down Payment35% ($104,965)
Interest Rate6.00%
Monthly Rent$1,662/mo
Vacancy5%
Expense Ratio30% ($5,684)

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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 6/12/2026, 2:00:49 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.