1069 S Ellen Cir E, Orem, UT 84058

Property Description

Rare opportunity to own a fully occupied 4-plex in a prime Orem location, just minutes from both UVU and BYU! All four units are approximately 876 sq. ft. and feature 2 bedrooms and 1 bathroom, offering a highly desirable and functional rental layout. Current monthly rents are $1,225, $1,045, $1,195, and $1,175, totaling $4,640 per month in scheduled rent. In addition, each tenant contributes $65 per month toward city utilities, bringing total monthly collections to approximately $4,900. Three units are currently under one-year leases, with the remaining unit leased through January 2027, providing an incoming owner with established rental income from day one. Several units have received extensive updates, including new flooring, fresh paint, updated cabinets and countertops, remodeled bathrooms, and more. Two units also feature new HVAC systems, helping reduce future capital expenses. Location is a major highlight approximately 23 miles from UVU and 45 miles from BYU, with convenient access to I-15, shopping, restaurants, employment, and everything Orem and Provo have to offer. A compelling opportunity for investors looking to add a well located Utah County multifamily property to their portfolio. Fully occupied, established leases, updated units, and strong proximity to two major universities. Additional photos coming next week. Please do not disturb tenants. Square footage and all information provided as a courtesy; buyer and buyer's agent to verify all information.