This prime NEW to be built 40-unit apartment complex sits on a 1 acre lot less than one block West of Washington Blvd in the heart of Ogden. Ogden is one of the hottest cities in America. The purchase will come with a fully constructed 35,748 total SQ FT which consists of 16 2bd/1bth and 24 1bd/1bth. The site will be landscaped and developed, yielding 60 parking stalls. The NOI is projected to be $428,218 which is provides a robust 6.36% CAP. This list price requires that the buyer finance the construction. If seller finances construction and development costs, the price will be ****$7,136,960****. Square footage figures are provided as a courtesy estimate only and were obtained from plans. Buyer is advised to obtain an independent measurement.
Gas: Connected, Power: Connected, Sewer: Connected, Sewer: Public, Water: Connected
Dishwasher: Built-In, Disposal, Range/Oven: Free Stdng.
Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.