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940 W 550 N photo 11 / 30
Single Family

$480,000

940 W 550 N, Pleasant Grove, UT 84062

Type

SFR

List Price

$480,000

Price/Sqft

$390

Est Gross Yield

4.8%

$22,920/yr est.

Property Details

Property typeSingle Family
Year built1996
Total units1
Living area1,230 sqft
Bedrooms3
Bathrooms2
Lot size0.19 acres
Parking6 spaces
Days on market36
Listed2026-05-07T00:00:00+00:00

Description

$20K PRICE REDUCTION! This wonderfully clean rambler offers an unbeatable combination of modern reliability and premier location. Surrounded by newer luxury real estate and situated in one of the most desirable pockets of Pleasant Grove, the property has been well maintained with significant high-ticket upgrades for total peace of mind. New garage door with new railings and spring was replaced in 2025. The home plumbing was completely repiped in February 2023, followed by the installation of a brand-new water heater in March 2023 and a full restoration of the laundry room that same year. With the roof replaced in 2013, the major infrastructure is solid. Spacious backyard offers a fruitful cherry tree and apricot tree. Some of the city's finest parks just moments away. You are less than two minutes from the massive Cook Family Park, which features a premier splash pad, skate park, and bike pump track, as well as the peaceful Mahogany Park for quiet afternoons on the walking trails. The iconic Discovery Park, famous for its massive all-abilities playground and science themes, is also just a short drive from your front door. Whether you are looking for a savvy investment surrounded by high-end builds or a turnkey starter home near top-tier amenities, this property represents the best value on the market today. Will not last. Must see. Make it yours today!

Listed by Darin Southam · Equity Real Estate

Location

940 W 550 N, Pleasant Grove, UT 84062

Proforma

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Cap Rate

3.18%

Cash-on-Cash

-4.00%

Cash Flow

-$600/mo

Purchase Price$480,000
Down Payment35% ($168,000)
Interest Rate6.00%
Monthly Rent$1,910/mo
Vacancy5%
Expense Ratio30% ($6,532)

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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, 2:06:06 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.