This Property is Not Active


432 E Center St, Orem, UT 84097

Single Family / 0 Bedroom(s)

Property Status: Not Available | For Sale Not Available: $275,000.00 Per Unit


Property Photos


Improved Land - Multiple Lots Available - Legacy Opportunity to Build on Orem Center Street


Property Status:
This Property is currently...
  • Status: Not Available
  • For Sale Not Available: $275,000.00 Per Unit
Property Details:
Single Family / 0 BR
Property Style:
Land
Basement:
No Basement
Owner / Agent:
Individual Owner
Property Features:
Improved Lots: Water, Sewer, Gas
Contact Info
Absolute Foresight Enterprises, LLC
(385) 321-0570

View on Individual's Website
Property Description:
This is a sweet opportunity for an investor, general contractor, or builder to take advantage of.
There are 3 improved lots in Orem up for sale. They are listed for $275,000 each, however, the seller is willing to sell at a discounted price if all 3 are purchased together.

The lots are build-ready. They have the entitlements completed. Zoned for 8000 sqft single-family homes. The water and sewer are already stubbed on each lot. The gas and electricity are coming to the lot soon.

What is really exciting though is that if a builder were to build 3 single-family homes in this area comparables are between $650k-$890k depending on build square footage and styel. That would be a sweet profit margin.

If you plan to build these to rent single-family homes there are some great returns as well. As short term rental with 6 bedrooms and 3 bathrooms each house would bring in $89,100 in revenue annually. Orem is one of the friendliest cities as far as STR regulations go. 


Check out our video presentation of the lots: youtu.be/qrbqAtj6jHo

More materials provided upon request. Contact the listing agent for additional details. 
Here is the link to the listing: utahrealestate.com/1835251
3% buyers agent commission

Legal Disclaimer:
Utah Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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