433 N 300 E
Provo, UT 84606
MLS #2139738

Duplex for Sale

Fully Stabilized Student Housing Investment Prime Walk-to-Campus Location. Rare opportunity to acquire a fully leased, legally approved high-occupancy duplex just 3.5 blocks from Brigham Young University. This turnkey furnished property is configured for 10 unrelated residents and is fully pre-leased through August 2027. Current $4,359 monthly gross (9 tenants) is contractually scheduled to increase to $4,940 (10 tenants) in August 2026 with new 12-month residency agreements already executed, and Security Deposits collected. Provo City Rental Dwelling License was achieved in January 2026. Beginning August, the property will produce $59,280 in annual gross rents with low operating expenses, resulting in strong net operating income for investors seeking stable cash flow in a supply-constrained student and young professional housing market. Tenants reimburse all utilities (water, sewer, trash, gas, electricity, internet). The building features two full kitchens, two laundry sets, updated bathrooms, new carpet, fresh interior paint, and a new roof installed in 2023. Mechanical systems include two furnaces and two A/C condensers (2017), supporting reliable long-term operation. Exterior amenities include a detached two-car garage, and large storage shed, irrigated lawn, and abundant on-site parking with capacity well beyond minimum requirements. Most recent leasing cycle produced 50+ applicants within 24 hours of open house. Current rents do not include parking or storage fees, which comparable nearby properties often charge, leaving room for future income optimization. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Seller is a licensed real estate agent in the state of Utah and is representing themselves.