40 FREEDOM, Provo, UT 84601
17BD/—BA Residential in Provo, UT 84601. 11,093 sqft. Built 1940. Listed at $750,000. MLS #2089024.
17BD/—BA Residential in Provo, UT 84601. 11,093 sqft. Built 1940. Listed at $750,000. MLS #2089024.
Prime Provo Center Street Opportunity. Two Historic Commercial Buildings for Sale. Unlock the potential of 11,093 sqft across two connected historic buildings in the heart of downtown Provo. Zoned for commercial use with residential or mixed-use. Please check with Provo City Planning for details. The buildings sit on separate tax ID numbers but share an upstairs layout and are being sold together. One building is leased to BitJump, generating $33,750 in annual net income through November 2027. The second building is vacant and ready for an owner-user or new tenant. Seller is open to joint ventures, partnerships, seller financing, or other creative deal structures. BitJump Business is not for sale. Do not disturb the tenant. Showings by appointment only. Floor plans and 3D tours available. Additional adjacent buildings are also available for sale and lease. Contact agent for more information.
Property Type
Residential
Property Style
Single Family Residence
Stories
3
County
Utah
Zoning
Single-Family, Multi-Family, Commercial, Industrial, Short Term Rental Allowed
Lot Size
0.13 sq ft
Above Grade Area
9,450 sq ft
Condition
Blt./Standing
MLS #
2089024
Property Type
Residential
Property Style
Single Family Residence
Stories
3
County
Utah
Zoning
Single-Family, Multi-Family, Commercial, Industrial, Short Term Rental Allowed
Lot Size
0.13 sq ft
Above Grade Area
9,450 sq ft
Condition
Blt./Standing
MLS #
2089024
List Price
$750,000
Original Price
$900,000
Annual Taxes
$1
Home Warranty
No
List Price
$750,000
Original Price
$900,000
Annual Taxes
$1
Home Warranty
No
Basement
Full
Basement
Full
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
$480,000
+56% vs median
45 days
255
$190,999 – $38,000,000
$1
Moderate
7.5
per 1,000
22.4
per 1,000
12.2
per 1,000
42.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Why this is a deal
Classification
Strong Cash FlowDeal Score
100/100
vs Similar Homes
29% above
vs Market Median
23% above
Price Reduced
16.7%
Area Growth (YoY)
1.7%
Deal Score Breakdown
100/100 · 2 qualifying signals
LT net cashflow +$15,538/mo (+320.0% return on ownership cost) · STR net cashflow +$691/mo (+14.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
17% price reduction from original list — seller may be motivated
1.7% year-over-year ZHVI growth in this area
Priced 29% above the median of similar listings
Priced 23% above the per-subtype city median
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$23,175/mo
Range: $17,827 – $28,523
Net Monthly Cash Flow
+$15,538 /mo (+$186,458/yr)
Monthly rental income
Monthly ownership cost
Coverage
477%
Net /mo
+$15,538
DSCR
5.29
Est. Annual Revenue
$95,092/yr
$285/night · 43% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
+$692 /mo (+$8,310/yr)
Monthly STR income
Monthly ownership cost
Coverage
163%
Net /mo
+$691
DSCR
1.44
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