Property Description

University Park Apartments, located at 225 E. 700 N., Provo, Utah, is one of Brigham Young University’s closest off-campus student housing properties. Located only 75 yards from the southern border of BYU’s campus, in the historic and student-dense Joaquin Neighborhood, University Park continuously enjoys full tenant occupancy due to its unbeatable next-door proximity to campus. While University Park used to be part of the tightly restricted BYU contracted housing, the university recently eliminated the need for students to live in contracted housing. University Park can now benefit from a broader renter base while having fewer landlord compliance requirements. This 2-story, all-brick property, built in 1971 and fully renovated in 2019, consists of 72 beds in twelve 3X2 units. Additionally, connected to the building is a 2 story, reinforced concrete, parking structure, which provides ample tenant parking. Provo, Utah was named the #1 strongest economy in the nation and enjoys a robust rental housing market. With its location just steps away from incredible outdoor recreation, popular restaurants and a wide variety of fun and enjoyable community locations and events, it has contributed to BYU becoming a destination for students from across the world. University Park has 100% occupancy and the overall off-campus vacancy rate at BYU is 1.6%.

Features
: See remarks
Address Map
700
225
W112° 20′ 44.3”
N40° 14′ 36.2”
E
N
Additional Information
Redstone Residential Inc
69790
05-082-0007
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10/01/2024 20:42:36
10/01/2024 20:38:09
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Provo Home for Sale

225 E, 700, Provo, Utah 84606, Utah County

  • Bedrooms : 72
  • Bathrooms : 24
  • Sqft: 16,988 Sqft
$5,900,000
MLS#2026590
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Basic Details
Status : Active
MLS : 2026590
Property Type : Twin
Price : $5,900,000
Bedrooms : 72
Bathrooms : 24
Sqft : 16,988 Sqft
Year Built : 2019
Lot Area : 0.39 Acre
Country : US
State : Utah
County : Utah
City : Provo
Zipcode : 84606
Days On Market : 140
Style : Other/see Remarks
Agent info
Dynasty Point
7390 s Creek Rd #204 Sandy Ut 84093
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