583 UNIVERSITY, Provo, UT 84601
4BD/—BA Residential in Provo, UT 84601. 1,057 sqft. Built 2003. Listed at $499,900. MLS #2156698.
4BD/—BA Residential in Provo, UT 84601. 1,057 sqft. Built 2003. Listed at $499,900. MLS #2156698.
Amazing Condo within walking distance to BYU! 4 blocks to BYU campus, this condo has 4 private bedrooms, 2 full bathrooms, central air conditioning and plenty of parking for each resident. These condos don't come on the market often! There is a UVX bus stop right in front of the complex, making this complex ideal for both BYU, UVU students. Condo is fully rented through August 2026. Must give 24 hours' notice to residents before showing. Please do not bother residents. 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 doing a 1031 Exchange. Please submit 1031 exchange addendum with offer.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
UNIVERSITY AVE CONDO
County
Utah
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,057 sq ft
Condition
Blt./Standing
MLS #
2156698
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
UNIVERSITY AVE CONDO
County
Utah
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,057 sq ft
Condition
Blt./Standing
MLS #
2156698
List Price
$499,900
HOA Fees
$250 / Monthly
Annual Taxes
$2,400
Home Warranty
No
List Price
$499,900
HOA Fees
$250 / Monthly
Annual Taxes
$2,400
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt,Flat
Flooring
Carpet,Tile
Basement
None
Materials
Brick,Stucco
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt,Flat
Flooring
Carpet,Tile
Basement
None
Materials
Brick,Stucco
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
4
Covered Spaces
0
Total Parking
4
Classification
Standard
Deal Score
25/100
vs Similar Homes
59% above
vs Market Median
51% above
Area Growth (YoY)
1.8%
Deal Score Breakdown
25/100
1.8% year-over-year ZHVI growth in this area
Priced 59% above the median of similar listings
Priced 51% above the per-subtype city median
LT net cashflow -$2,044/mo (-56.7% return on ownership cost) · STR net cashflow -$2,403/mo (-66.6% 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
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.
Monthly Rent
$1,777/mo
Range: $1,030 – $2,524
Net Monthly Cash Flow
−$2,044 /mo (−$24,523/yr)
Monthly rental income
Monthly ownership cost
Coverage
49%
Net /mo
−$2,044
DSCR
0.63
Est. Annual Revenue
$20,655/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$2,402 /mo (−$28,828/yr)
Monthly STR income
Monthly ownership cost
Coverage
48%
Net /mo
−$2,403
DSCR
0.48
Elementary
None/OtherMiddle School
None/OtherHigh School
None/OtherSchool District
Provo
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$475,000
+5% vs median
62 days
182
$189,900 – $43,000,000
$2,400
$250/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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