650 24th St 8 Unit Apartment Building $1,394,913 CAD ($174,364 CAD/Unit) 8.09% Cap Rate Ogden, UT 84401
INVESTMENT HIGHLIGHTS
- Multiple value-add opportunities
- Opportunity to push rents to market levels
- Extensive recent capital improvements
EXECUTIVE SUMMARY
This exceptional investment opportunity presents the chance to acquire a property of 8 units, constructed in 1920 situated in the highly sought-after Ogden area. This building is located in a prime central Ogden location, providing convenient access to essential amenities and local attractions.
PROPERTY FACTS
| Price | $1,394,913 CAD |
| Price Per Unit | $174,364 CAD |
| Sale Type | Investment |
| Cap Rate | 8.09% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,510 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/1990 |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Pantry
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 575 |
| Studios | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | 01-025-0007 | Improvements Assessment | $321,709 CAD |
| Land Assessment | $403,939 CAD | Total Assessment | $725,648 CAD |
