Brand New Fourplex in Provo Utah

[Sam Levin]

House Hacker's Dream! This brand new fourplex was finished at the end of December 2016. At $645k it returns a 6% cap rate and is just over the FHA maximum loan for a fourplex in Utah County. A house hacking (occupying) investor could use FHA funding with only 5% down. I live in one of the units myself so when it sells I will be creating a vacancy in the most desirable apartment for the new owner to occupy right away. I will be leaving behind the 3 long term stable tenants that currently occupy the other units.