1904 W GARDEN DR Pleasant Grove, UT 84062

Conveniently located in the heart of northern Utah County, close to I-15 access, shopping, restaurants and more, is this incredible investment opportunity to purchase this entire building of 5 townhouses as a "5-plex" (2 end-unit, 3 mid-unit)! These are spacious, updated and well kept 1,402 sqft, 3 bed, 3 bath townhouses and have been immaculately maintained and updated with new flooring (LVP/carpet), new blinds, new appliances and much more (a full list will be provided upon request). The townhouses have their own separate tax IDs and utilities and can be sold individually after an HOA is set-up (and potentially some other minor requirements). ** These units are all currently leased - NO SHOWINGS until there is an Executed Purchase Contract; but be sure to check out the photos/videos and feel free to drive by and walk around the Property (do not disturb the tenants)** Two large parking lots with space to add covered parking and potentially even garages. This entire building of 5 townhouses has only been owned by one individual/family since it was built in 2003, an HOA has never been set up and the property management, landscaping, snow removal, common area maintenance, etc has all been taken care of by the owner. The company, its members, and its attorney have determined it best to sell all 5 of these townhouses together as a "5-plex". **NO SELLER FINANCING** Current monthly rental revenue is below market value at $8,300/month due to being owner managed but estimated market rental revenue is $9,300-$9700/month. Current leases and lease end dates: 1894 W Garden Dr. (END), $1,700/month, $1,450 Deposit, Oct 31, 2024; 1896 W Garden Dr. (MID), $1,650/month, $1,600 Deposit, May 31, 2024; 1898 W Garden Dr., PG (MID), $1,650/month, $1,650 deposit, up for renewal and currently month-to-month; 1902 W Garden Dr, PG (MID), $1,600/month, $1,600 Deposit, April 30, 2024; 1904 W Garden Dr, PG (END), $1,700/month, $1,700 Deposit, Sept 30, 2024. Tenants pay gas & electricity for utilities. Properties are currently owner managed but a Property Management company has been arranged to take over if requested for 8%/unit/month AND to assist in setting up an HOA. Buyer/Broker to verify all information.