245 S 500 E, Provo, UT 84606
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
245 S 500 E,Provo, UT 84606
$515,000
- 3 Beds
- 2 Baths
- 1,840 sq. ft.
- Single family
- Active
Listed by: jordyn archer
Office: berkshire hathaway homeservices elite real estate
MLS#:2125688
Source:SL
Price summary
- Price:$515,000
- Price per sq. ft.:$279.89
About this home
Welcome Home! Whether you are looking for a delightful house that you can transform into your very own home complete with basement mother-in-law apartment or a reliable source of generating rental income to assist with the financial dynamics of ownership. Or perhaps you're investment minded and looking to generate lasting wealth by curating this profitable investment asset complete with immense value and untapped potential to launch or fortify your growing portfolio. located less than 5 minutes away from the BYU Campus providing a virtual unending supply of potential tenants. No matter if You, or Your Tenants are looking to live in a warm and inviting home environment indoors, or taking in a private moment to kick the ball, throw the frisbee, play with the dog, or even immerse yourself in the tranquility of creativity by taking time to paint or throw pottery in the Art Shed nestled within the confines of the secluded back yard. Then when it's time to get out for an evening on the town you or your tenants are only 3 minutes away from the vibrant culture of Downtown Provo replete with numerous restaurants to satisfy any taste and numerous activities that are sure to invigorate the mind. With all the foregoing it is easy to see that this property is amply prepared to provide memories to last a lifetime. If this is the type of environment you are looking for personally or are hoping to provide for your valued tenants then you are hereby invited to consider taking the opportunity to make this ideal residence your very own.. As far as the facts go this property has boasted a solid history of quality tenants. Currently, combined rent rolls for the entire property come in at $2,450. With rents ranging from $1600 to $1800 upstairs and $850 downstairs, there is certainly the capacity to increase the performance of this asset. Leases expire in January and February of 2026. However both tenants get along wonderfully together and have a desire to remain if at all possible well into the future. This property has been pre-inspected by one of the very best Home Inspectors in the entire State of Utah to ensure that this property is in excellent condition, free of any surprises, which report will gladly be shared with any valid accepted offer with a desire to help any ready willing and able buyer make a more informed decision in the purchasing process. What is more, the roof has recently been replaced, and the owner has continued to invest in considerable improvements in the property which are detailed in the supplementary paperwork. As the Property is currently 100% occupied please do not disturb tenants. Kindly provide 24-48 hour notice prior to any showing requests. However, don't let that stop you from reaching out to arrange an easy, convenient and private showing today. All information herein is deemed reliable but is not guaranteed. Buyer is therefore responsible to verify all listing information, including square footage/acreage, to Buyer's own satisfaction.
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Home facts
- Year built:1924
- Listing ID #:2125688
- Added:3 day(s) ago
- Updated:December 08, 2025 at 12:08 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,840 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
Structure and exterior
- Roof:Asphalt
- Year built:1924
- Building area:1,840 sq. ft.
- Lot area:0.19 Acres
Schools
- High school:Provo
- Middle school:Centennial
- Elementary school:Provo Peaks
Utilities
- Water:Culinary, Water Connected
- Sewer:Sewer Connected, Sewer: Connected, Sewer: Public
Finances and disclosures
- Price:$515,000
- Price per sq. ft.:$279.89
- Tax amount:$2,487
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