Active

225 E 700 N

Provo UT, 84606

$5,900,000


$347.30 per sqft

Active

72 Beds

24 Baths

16,988 sqft

Residential

Built in 2019

University Park Apartments, located at 225 E. 700 N., Provo, Utah, is one of Brigham Young University's closest off-campus student housing properties. Located only 75 yards from the southern border of BYU's campus, in the historic and student-dense Joaquin Neighborhood, University Park continuously enjoys full tenant occupancy due to its unbeatable next-door proximity to campus. While University Park used to be part of the tightly restricted BYU contracted housing, the university recently eliminated the need for students to live in contracted housing. University Park can now benefit from a broader renter base while having fewer landlord compliance requirements. This 2-story, all-brick property, built in 1971 and fully renovated in 2019, consists of 72 beds in twelve 3X2 units. Additionally, connected to the building is a 2 story, reinforced concrete, parking structure, which provides ample tenant parking. Provo, Utah was named the #1 strongest economy in the nation and enjoys a robust rental housing market. With its location just steps away from incredible outdoor recreation, popular restaurants and a wide variety of fun and enjoyable community locations and events, it has contributed to BYU becoming a destination for students from across the world. University Park has 100% occupancy and the overall off-campus vacancy rate at BYU is 1.6%.

2026590

MLS ID

October 1, 2024

Listed

November 22, 2024

Updated

Map

225 E 700 N
Provo UT, 84606

Interior Features

Total Stories

0


Bedrooms

72


Total Bathrooms

24


Full Bathrooms

24


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.39 Acres


Architectual Style

Other/See Remarks

School Information

School District

Provo


High School

Timpview


Elementary School

Provo Peaks

Other Property Details

Area Name

Provo; Mamth; Springville


Taxes

$134,855


Tax Frequency

Annually


Days on Market

41


Garage

No


Parking Total

0


View

No


County

Utah


Pool

No

Courtesy of Redstone Residential Inc

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:21 PM UTC, 11/22/2024. 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 deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Dan Wallwitz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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