Current Use by Public Records
- Apartment buildings
Property Details for 550 900
- Year built
- 2024
- Lot size
- 2.81 lot acres
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a portfolio of 32 newly constructed townhomes located at 550 E 900 N St, Ogden, Utah, 84404, in Weber County. Completed in the second quarter of 2024, this stabilized property boasts a total of 61,312 net rentable square feet across six, two-story buildings situated on a 2.81-acre lot. Each unit is a spacious three-bedroom, two-and-a-half-bathroom residence featuring an attached two-car garage. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $542,780, resulting in an attractive 5.24% capitalization rate. The asking price for this turnkey investment is $10,350,000, representing a price per unit of $323,437.50. The property's APN is 11045004. This represents a rare opportunity to acquire a high-performing, modern multifamily asset in a desirable Ogden location. The property's strong performance and attractive features make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ogden
- County
- Weber
- State
- Utah
- Longitude
- -111.965
- Latitude
- 41.2739
