608 500, Provo, UT 84601
2BD/—BA Residential in Provo, UT 84601. 761 sqft. Built 1984. Listed at $219,900. MLS #2133813.
2BD/—BA Residential in Provo, UT 84601. 761 sqft. Built 1984. Listed at $219,900. MLS #2133813.
Whether you commute to Salt Lake, work locally, or attend BYU or UVU, you will appreciate the convenience and accessibility this property offers. The complex is pet friendly, which is a great bonus! This 761 square foot unit features an updated kitchen with white cabinetry, stainless steel appliances, and a functional layout that makes great use of the space. Two tone paint adds a modern feel throughout, and newer vinyl windows plus a sliding glass door improve energy efficiency while bringing in natural light. Google Fiber is available, providing fast and reliable internet for remote work, school, or streaming. One of the advantages to this unit is that it is on the main floor. Easy for moving and hauling groceries. You will also enjoy additional storage in the back porch closet, giving you extra space without sacrificing interior square footage. With two comfortable bedrooms and one full bathroom, this condo is a strong option for both owner occupants and investors. Updated features, excellent location, and an attractive price point make this a smart opportunity in the heart of Provo.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
MADISON PARK
County
Utah
Zoning
Multi-Family
Construction
Brick
Lot Size
0.02 sq ft
Above Grade Area
761 sq ft
Condition
Blt./Standing
MLS #
2133813
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
MADISON PARK
County
Utah
Zoning
Multi-Family
Construction
Brick
Lot Size
0.02 sq ft
Above Grade Area
761 sq ft
Condition
Blt./Standing
MLS #
2133813
List Price
$219,900
Original Price
$260,000
HOA Fees
$265 / Monthly
Annual Taxes
$1,249
Home Warranty
No
List Price
$219,900
Original Price
$260,000
HOA Fees
$265 / Monthly
Annual Taxes
$1,249
Home Warranty
No
Heating
Gas: Central
Cooling
Window Unit(s)
Roof
Asphalt
Flooring
Tile
Basement
Slab
Materials
Brick
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Cooling
Window Unit(s)
Roof
Asphalt
Flooring
Tile
Basement
Slab
Materials
Brick
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
2
Covered Spaces
0
Total Parking
2
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
20% below
vs Market Median
18% below
Price Reduced
15.4%
Area Growth (YoY)
3.0%
Deal Score Breakdown
100/100 · 3 qualifying signals
Priced 20% below the median of similar listings
15% price reduction from original list — seller may be motivated
Priced 18% below the per-subtype city median
3.0% year-over-year ZHVI growth in this area
LT net cashflow -$834/mo (-47.4% return on ownership cost) · STR net cashflow -$1,008/mo (-57.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$1,050/mo
Range: $609 – $1,492
Net Monthly Cash Flow
−$834 /mo (−$10,009/yr)
Monthly rental income
Monthly ownership cost
Coverage
60%
Net /mo
−$834
DSCR
0.84
Est. Annual Revenue
$12,853/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$1,008 /mo (−$12,096/yr)
Monthly STR income
Monthly ownership cost
Coverage
61%
Net /mo
−$1,008
DSCR
0.68
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$475,000
-54% vs median
62 days
182
$189,900 – $43,000,000
$1,249
$265/monthly
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.
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