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