Utah Off-Market Deal – Single Family Residence – 🌄

[Sherry Khan]

📍705 S 800 St E, Springville, UT 84663

This 3-bedroom, 3-bathroom property offers a rare chance to secure significant equity from day one. Priced at $291K, this home is 41% below its After Repair Value (ARV) of $485K, presenting a lucrative investment opportunity with minimal repairs required. With projected monthly cash flow exceeding $3,000 and rental increase potential, this property is a high-performing addition to any portfolio.

The spacious 2,430 sq. ft. lot provides incredible flexibility for value-add opportunities, including the potential for an Accessory Dwelling Unit (ADU) or additional living space. The property has already been enhanced with new insulation, reducing utility costs and adding long-term savings.

💡 Financial Highlights

• ARV: $485K
• Asking Price: $291K
• Cash Flow: $2,950 (actual), $3,400 (projected with improvements)
• Repairs: Minimal (great condition with minor upgrade options)
• Financing Options: Cash or hard money only (no creative)

🏡 Property Details

• Main Home:
  • 3 Beds, 3 Baths
  • 2,430 sq ft
  • Features: Flooring: Carpet, Laminate Doors: Storm Door(s), Windows: None, Basement: Full, Has fireplace: No
• Parking
  • Total spaces: 3
  • Parking features: Covered
  • Carport spaces: 1
  • Uncovered spaces: 2
• Condition
  • Blt./Standing
  • New construction: No
  • Year built: 1955
• Type & style
  • Home type: SingleFamily
  • Architectural style: Rambler/Ranch
  • Property subtype: Single Family Residence

🌟 Why This Deal is Special

Located in a highly desirable Springville neighborhood, this 3-bedroom, 3-bathroom cottage offers a perfect balance of charm and potential:

• Newly updated with modern upgrades that blend seamlessly with original charm
• Bright and inviting interior with new flooring, fresh paint, and sleek kitchen countertops
• Cozy living space and flourishing garden with mature trees and vibrant plants
• Three outdoor sheds for storage or hobbies

The spacious lot allows for expansion or the addition of living space, while the recently enhanced insulation reduces utility costs and provides long-term savings. With nearby properties selling for $461K–$510K, the home offers strong appreciation potential, making it a valuable investment.

🛠 Required Repair Overview

• No Required Repairs

🛠 Optional Improvement Overview

• Kitchen: Upgrading the kitchen counters, refreshing bathroom fixtures, and replacing older light fixtures can enhance rental appeal. Estimated cost: $3,000–$5,000.
• Bathrooms: Replace older faucets, install new mirrors, and re-caulk showers for a refreshed appearance. Estimated cost: $800–$1,500.
• Interior Touch-Ups: Apply touch-up paint to high-traffic areas and replace worn baseboards for a cleaner finish. Estimated cost: $600–$900.
• Basement: Unfinished basement offers potential for a personalized living space or additional rental income.

📈 Comparable Sales

Area avg.: $461,000 - $510,000 ($180 - $220 per sq ft)

• 1137 S 700 W, Springville, UT 84663, from $552,000
• 228 E 800 S #131, Spanish Fork, UT 84660, from $409,900
• 1192 W 200th St S, Springville, UT 84663, from $449,000
• 683 S 560 E, Orem, UT 84097, from $485,000

📈 Comparable Rentals

Area avg.: $2,400 - $3,400/mo

• 1096 W 900 S, Springville, UT 84663, from $2,410
• 528 E 550th St N, Springville, UT 84663, from $2,800
• 831 S Spring Canyon Way, Springville, UT 84663 from $3,000

Reach out for more information, photos, or videos. Opportunities like this don’t last long!

Take action now and secure this idyllic house before it’s gone! 🚀