Belmont Condo - BYU Men's Approved Housing - 1 mile from BYU

483 N. Belmont Place, Provo, UT 84606 | 3 Bed, Condo/Townhome For Sale By Owner

Listing ID 22983535 | Updated 198 days ago

$179,900
Willing to negotiate
For Sale, For Rent/Lease, Lease-to-Own
Get Mortgage Rates

483 N. Belmont Place 266
Provo, UT 84606
Check Your Free Score

Explore The Neighborhood

3 beds, 2 baths
Condo/Townhome
Hire A Mover

Ask the Owner

Ian F.
Primary

Add to Favorites About this Property

Bedrooms:3 Bathrooms:2 Floors:1.0 Square Footage:1209
Year Built:1999 School District:Provo City Garage Size:0.0 Lot Size:0.03 Acre(s)
Amenities:Central AC, Carpeted Floors, Appliances Included, Patio/Balcony, Covered Parking, Central Heating, Furnished, Pool, Spa/Jacuzzi, View

This high-quality condo is perfect as an investment property, for parents to purchase for their children who are going to school, or as a starter home. It is zoned for all three uses, providing a great deal of flexibility.

 

Because of its ideal location - with close proximity to Brigham Young University (BYU) and Seven Peaks Water Park, popularity/demand among students, and stable property values, it is a valuable investment.

 

It has been approved for BYU Men's Undergraduate Housing and can be rented to up to three male students for as much as $1,250 per month. Current rental rates are $475 for the master bedroom, $395 for the medium bedroom, and $375 for the small bedroom. (The master bedroom has its own parking stall, private bathroom, a large walk-in closet, higher ceilings, bay windows, and is considerably larger in size).

 

Can also be rented to a family or siblings (male and female) even though it is approved for men's undergraduate housing.

 

General Information:

  • Name of Complex: Belmont Condominiums
  • Complex Type: Condo
  • Management Company: FCS Community
  • Management HOA Fees: $160 per month (includes water, sewer, garbage, internet, cable, grounds maintenance, etc.)

 

Amenities:

  • Fully furnished (dining set, sofas, beds, dressers, desks, chairs, shelving, kitchenware, bar stools, etc.)
  • Refrigerator / Freezer
  • Range / Oven
  • Microwave
  • Dishwasher
  • Disposal
  • Washer / Dryer
  • Air-conditioning
  • Patio / Balcony
  • 1 covered parking stall and 1 un-covered (with the option to purchase a third parking stall for an additional fee)
  • Clubhouse with workout facility, big screen TV, piano, ping pong table, etc.
  • Basketball / Tennis court
  • Pool
  • Spa / Jacuzzi
  • Internet and Cable provided (part of monthly HOA fees)

 

Utilities Paid by Owner / Tenants:

  • Gas
  • Electricity

Last year these two utilities averaged out to be $80/month total.

 

Aside from the typical property owner costs, the only extra fees to use this condo as an investment property are an annual Provo Rental Dwelling License ($20) and any other costs associated with running a business and managing a property.

 

If the owner wishes to use the condo for student housing, even though it is currently approved as BYU Men's Undergraduate Housing, it will have to be re-approved upon change of ownership (fairly simple process since it has already been previously approved). Must remain men's housing (unless rented to a family or siblings). Please see the link to BYU's Off-Campus Housing website below for all rules and conditions.

 

There are currently 3 tenants under contract. If the condo is purchased prior to the completion of these contracts, the contracts will need to be honored by the new owner as part of the condo purchase, or other agreeable arrangements must be made between all parties. All three contracts end in August, but I have spoken with each of the tenants and they would be willing to move out if the condo is purchased and the new owner would like different tenants upon taking ownership.

 

Links:

Add to Favorites Contact the Owner

Call the Owner

Ian F.
Primary

Attention real estate agents and other third parties. This owner is a member of the National Do Not Call Registry. Solicitation calls could face a $1,000 fine.

E-mail the Owner

Message sent successfully.

Special Offer: Confirm your credit score before speaking to a lender.

Get a copy of your Free Credit Score, so you will be prepared when speaking to our Lenders. Your Credit Score will determine the interest rate for which you qualify.

  • 500 characters left
  • Invalid e-mail address
  • Invalid question
  • Exceeded 500 characters
  • Your message was undeliverable.
  • Your message has been flagged for security reasons. If you believe this was done in error, please contact us

ForSaleByOwner.com is for home buyers only.

All solicitation is strictly prohibited. Inappropriate use is logged and followed up on (your IP address is 54.197.183.75). By clicking send you agree to our terms and conditions.

Other Properties of Interest

$59,900 5026 chapman st
Fort Worth, TX 76105
3 beds, 2 baths Multi-Family 1900 square feet Updated 29 days ago
$262,900 2003 Camelot Drive
Lewisville, TX 75067
3 beds, 2 baths Single Family 1842 square feet Updated 4 days ago