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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
22136283
32269126

302 40th St, Ogden, UT 84405

Austin Seegmiller
Listed by Austin Seegmiller
$1,275,000
457 days on market
Updated 32 days ago
Opportunity zone

The Brooks on 40th

Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 7,000
Net Rentable (SqFt) 5,724
Units 4
Beds 12
Cap Rate 6.36%
NOI $81,126
Class A
Year Built 2021
Buildings 1
Stories 4
Acreage 0.170
Zoning MF
Investment Type Stabilized

Class A 4-plex in South Ogden!

Marketing description

Link to proforma: https://share.rentix.io/api/v1/public/properties/65b4769ddd5fae1e703853bb/share

Meet the "Brooks on 40th". An architectural wonder in the heart of Ogden. This almost brand new 4-plex sits tucked below the mountains with incredible views and nearby amenities demanding top dollar rents. From quartz countertops, high-end cabinets, LVP, 13 ft high ceilings, and so many more amenities; this property will serve as an incredible addition to any investors portfolio. This property was a ground up construction project. Location is absolutely prime being less than 5 minutes away from Weber State University, McKay-Dee Hospital, and heavy commercial. P/L + Rent roll statement attached with listing. This property has been owner operated since it's completion in 2021. Property when fully occupied brings in almost $7,500/mo in gross rent!! Tenants pay all utilities. Square footage figures are provided as a courtesy estimate only and were obtained from original appraisal. Buyer is advised to obtain an independent measurement.

Investment highlights

Listing Contacts

Austin Seegmiller
Listed by Austin Seegmiller

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$81,126.00
$6,760.50/mo

Valuation Metrics

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DSCR
6.36%
Cap Rate
6.36%
ROI

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