551 S MAIN ST E, Springville, UT 84663
551 S MAIN ST E, Springville, UT 84663
551 S MAIN ST E, Springville, UT 84663
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$ 399,900
Est. payment | /mo

4 Beds

3 Baths

2,904 SqFt


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$ 399,900
Est. payment | /mo
Save

4 Beds

3 Baths

2,904 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,904 sqft

Price per Sqft $137

MLS Listing ID 2152447

Style Rambler/Ranch

Bedrooms 4

Full Baths 3

Construction Status Blt./Standing

HOA Y/N No

Abv Grd Liv Area 1,452

Year Built 1948

Annual Tax Amount $2,597

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Single Family Residence

Property Description

Legal, nonconforming duplex with strong in-place income, long-term tenancy, and immediate upside potential. Upper unit rents for $1,400/month on a month-to-month lease with a tenant in place since 2015, and the lower unit rents for $900/month with a recently renewed lease, both including utilities and internet. Current rents are below market and have not been adjusted in a couple of years, offering an immediate opportunity to increase cash flow. Major system updates have already been completed, including roof (2017), A/C (2019), furnace (2023), full repipe (2024), and basement improvements (2023), providing a solid foundation for long-term ownership. Located on Main Street in Springville, the property benefits from consistent rental demand, high visibility, and convenient access to I-15, Provo/Orem employment hubs, and nearby shops and restaurants, all within a growing South Utah County corridor and at an attractive price per square foot. The property is tenant-occupied and in need of cosmetic updates, presenting a clear value-add opportunity for an investor or owner-occupant looking to offset their mortgage with rental income. Ask about renovation loan options that allow buyers to finance improvements into the purchase and accelerate rental upside. No showings, do not disturb tenants, sold as-is with offer subject to inspection, interior photos and additional information available upon request, proof of funds required prior to release, seller financing not available.

Location

State UT

County Utah

Area Provo; Mamth; Springville

Zoning Single-Family, Multi-Family, Commercial

Rooms

Basement Walk-Out Access

Main Level Bedrooms 3

Interior

Interior Features Bath: Primary, Disposal, Jetted Tub, Kitchen: Second, Mother-in-Law Apt.

Heating Forced Air

Cooling Central Air

Flooring Carpet, Hardwood

Fireplace false

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Patio: Covered, Storm Windows

Carport Spaces 1

Utilities Available Natural Gas Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Asphalt

Present Use Single Family

Topography Fenced: Part, Road: Paved, Secluded Yard, Terrain, Flat, View: Mountain

Porch Covered

Total Parking Spaces 1

Private Pool false

Building

Lot Description Fenced: Part, Road: Paved, Secluded, View: Mountain

Faces West

Story 2

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Rambler/Ranch

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Brookside

Middle Schools Springville Jr

High Schools Springville

School District Nebo

Others

Senior Community No

Tax ID 26-030-0039

Acceptable Financing Cash, Conventional

Horse Property No

Listing Terms Cash, Conventional

Listed by Wasatch Mountain Realty

NEARBY SCHOOL & BUSINESS

Ashley McClelland

+1(801) 654-7100

ashley@slchousesforsale.com

9980 S 300 W, Sandy, UT, 84070, USA

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551 S MAIN ST E