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983 W 1055 N photo 11 / 41

$295,000

983 W 1055 N, Orem, UT 84057

Type

Condo

List Price

$295,000

Price/Sqft

$308

Est Gross Yield

5.5%

$16,140/yr est.

Property Details

Property typeCondo
Year built2008
Total units1
Living area958 sqft
Bedrooms2
Bathrooms1
Lot size0.02 acres
Parking2 spaces
Days on market54
Listed2026-04-24T00:00:00+00:00

Description

Welcome home to this inviting 2-bedroom, 1-bath condo in the heart of Orem perfectly priced under $300K. Whether you're a first-time buyer or looking for a smart investment opportunity, this property checks all the boxes. Step inside to find a spacious, oversized kitchen that flows seamlessly into an open concept living area, creating the ideal space for both everyday living and entertaining. The thoughtful layout maximizes comfort and functionality, making the home feel bright and welcoming. Enjoy resort style amenities right in your own community, including a clubhouse, pool, spa, fitness center, and even a theater room everything you need for relaxation and recreation without leaving home. Conveniently located near freeway access, shopping, dining, and just minutes from UVU, this condo offers both accessibility and lifestyle. Don't miss your chance to own a well rounded property in a prime location!

Listed by Becca Summers · KW Westfield (Excellence)

Location

983 W 1055 N, Orem, UT 84057

Proforma

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Cap Rate

3.64%

Cash-on-Cash

-2.77%

Cash Flow

-$255/mo

Purchase Price$295,000
Down Payment35% ($103,250)
Interest Rate6.00%
Monthly Rent$1,345/mo
Vacancy5%
Expense Ratio30% ($4,600)

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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 6/17/2026, 11:56:49 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.