251 300, Springville, UT 84663
12BD/—BA Residential in Springville, UT 84663. 8,957 sqft. Built 1914. Listed at $2,100,000. MLS #2151603.
12BD/—BA Residential in Springville, UT 84663. 8,957 sqft. Built 1914. Listed at $2,100,000. MLS #2151603.
This is an excellent investment opportunity providing significant immediate cashflow. This 12-unit historic apartment building features eleven 1-bedroom units and one studio apartment, as well as 12 large onsite storage units, producing current monthly income of $12,650. Located in the heart of Springville, this property has consistent occupancy history and high rental demand when units become available. This is an opportunity to acquire a stabilized building in a core location with reliable day-one income and straightforward management. Seller is willing to finance 75% of the purchase price at 3.99% for 3 years. Please reach out with inquiries to Stuart Lewis: 801-717-7444.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Utah
Lot Size
0.6 sq ft
Condition
Blt./Standing
MLS #
2151603
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Utah
Lot Size
0.6 sq ft
Condition
Blt./Standing
MLS #
2151603
List Price
$2,100,000
Annual Taxes
$7,931
Home Warranty
No
List Price
$2,100,000
Annual Taxes
$7,931
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
82/100
vs Market Median
19% below
Area Growth (YoY)
4.5%
Deal Score Breakdown
82/100 · 1 qualifying signal
Priced 19% below the per-subtype city median
4.5% year-over-year ZHVI growth in this area
STR net cashflow -$9,536/mo (-68.5% 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
$75,242/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$9,536 /mo (−$114,435/yr)
Monthly STR income
Monthly ownership cost
Coverage
45%
Net /mo
−$9,536
DSCR
0.42
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$487,100
+331% vs median
55 days
103
$207,500 – $38,000,000
$7,931
Low Crime
7.7
per 1,000
16.1
per 1,000
7.5
per 1,000
31.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents