241 2230, Provo, UT 84604
4BD/—BA Residential in Provo, UT 84604. 1,547 sqft. Built 1992. Listed at $445,000. MLS #2158887.
4BD/—BA Residential in Provo, UT 84604. 1,547 sqft. Built 1992. Listed at $445,000. MLS #2158887.
HIGHLY DESIRED MILLRACE TOWNHOME! Fully furnished and currently rented-four tenant leases until August 2027. City-approved for 4 singles or 1 family, making this an excellent investment opportunity. Ideally located between BYU and UVU, with quick access to shopping, restaurants, and transit. The main level features a spacious kitchen with a generous pantry, an adjacent family room, and a convenient bath. The upper level includes a large primary suite with an attached bathroom, plus two additional bedrooms and a full bath. The lower level offers a large bedroom with great storage and a walkout to the 2-car carport. Additional guest parking is available nearby. Enjoy the tree-lined, park-like community setting-perfect for relaxing outdoors on the balcony. 24-HOUR TENANT NOTICE required for all showings. Current leases and rent details available upon request. TENANTS PERSONAL ITEMS EXCLUDED. ALL OTHER FURNISHINGS AND APPLIANCES INCLUDED MAKING THIS AN EXCELLENT INVESTMENT!
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
MILLRACE
County
Utah
Zoning
Multi-Family
Construction
Aluminum,Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,254 sq ft
Condition
Blt./Standing
MLS #
2158887
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
MILLRACE
County
Utah
Zoning
Multi-Family
Construction
Aluminum,Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,254 sq ft
Condition
Blt./Standing
MLS #
2158887
List Price
$445,000
HOA Fees
$225 / Monthly
Annual Taxes
$2,199
Home Warranty
No
List Price
$445,000
HOA Fees
$225 / Monthly
Annual Taxes
$2,199
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Partial
Materials
Aluminum,Brick,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Partial
Materials
Aluminum,Brick,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
2
Total Parking
6
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Market Median
10% below
Area Growth (YoY)
2.6%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 10% below the per-subtype city median
2.6% year-over-year ZHVI growth in this area
LT net cashflow -$1,479/mo (-45.5% return on ownership cost) · STR net cashflow -$1,166/mo (-35.8% 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
Monthly Rent
$2,017/mo
Range: $1,296 – $2,739
Net Monthly Cash Flow
−$1,479 /mo (−$17,749/yr)
Monthly rental income
Monthly ownership cost
Coverage
62%
Net /mo
−$1,479
DSCR
0.79
Est. Annual Revenue
$35,804/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,166 /mo (−$13,997/yr)
Monthly STR income
Monthly ownership cost
Coverage
92%
Net /mo
−$1,166
DSCR
0.93
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$475,000
-6% vs median
62 days
184
$189,900 – $43,000,000
$2,199
$225/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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