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  • For sale
University Park Apartments - #1

For Sale

$5,900,000 USD

University Park Apartments, located at 225 East 700 North in 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 University Park's 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%.