2030 NEVADA, Provo, UT 84606
12BD/—BA Residential in Provo, UT 84606. 5,463 sqft. Built 1978. Listed at $1,225,000. MLS #2139032.
12BD/—BA Residential in Provo, UT 84606. 5,463 sqft. Built 1978. Listed at $1,225,000. MLS #2139032.
Nevada Circle Apartments is a six-unit apartment building located on the east side of State Street with great views of the valley and Utah Lake. All units are 2-bedroom layouts with below-market rents. Four of the six units have been updated. Please reach out via email for the offering memorandum and financials. PLEASE DO NOT DISTURB TENANTS. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Utah
Lot Size
0.28 sq ft
Condition
Blt./Standing
MLS #
2139032
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Utah
Lot Size
0.28 sq ft
Condition
Blt./Standing
MLS #
2139032
List Price
$1,225,000
Annual Taxes
$4,867
Home Warranty
No
List Price
$1,225,000
Annual Taxes
$4,867
Home Warranty
No
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Market Median
36% below
Area Growth (YoY)
5.5%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 36% below the per-subtype city median
5.5% year-over-year ZHVI growth in this area
STR net cashflow -$4,359/mo (-53.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Not enough comparable listings
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
Est. Annual Revenue
$64,870/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$4,358 /mo (−$52,301/yr)
Monthly STR income
Monthly ownership cost
Coverage
66%
Net /mo
−$4,359
DSCR
0.62
Elementary
Spring CreekMiddle School
CentennialHigh School
TimpviewSchool District
Provo
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$475,000
+158% vs median
62 days
182
$189,900 – $43,000,000
$4,867
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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