560 21st St 7 Unit Apartment Building $1,502,214 CAD ($214,602 CAD/Unit) 7.87% Cap Rate Ogden, UT 84401
INVESTMENT HIGHLIGHTS
- Multiple value-add opportunities
- Ample land provides a low-density, open feel
- Opportunity to push rents to market levels
- Extensive recent capital improvements
- Additional potential for auxiliary income through storage units and utility reimbursement
EXECUTIVE SUMMARY
This exceptional investment opportunity presents the chance to acquire a property of 2 multifamily properties totaling 7 units, situated in the highly sought-after Ogden area constructed in 1936, respectively. These buildings are located in a prime central Ogden location, providing convenient access to essential amenities and local attractions.
PROPERTY FACTS
| Price | $1,502,214 CAD |
| Price Per Unit | $214,602 CAD |
| Sale Type | Investment |
| Cap Rate | 7.87% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 7,483 SF |
| No. Stories | 2 |
| Year Built | 1936 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 700 |
| 4+2 | 1 | - | 1,800 |
Walk Score®
Very Walkable (73)
ZONING
| Zoning Code | R3 (R3 Zoning) |
