231 W 12TH St
Ogden, UT 84404
Opportunity Zone Apartments starting in July · Multifamily Property For Sale · 114 Units

Zone Chloe’s Pointe Apartment Complex is a “To-be-Built” Apartment Complex located at 231 West 12th Street in Ogden’s approved Opportunity Zone. For those seeking to place funds into an opportunity Zone this project is the Gold Standard you have been looking for. This amazing opportunity is slated to start construction in July/August of 2019 and is estimated to be completed by December 2020. The Chloe’s Pointe Apartment Complex offers the following; Building Mix – 114 Total Units -- (88) 1 Bedroom/1 Bathroom Units – (20) 2 Bedroom/1 Bathroom Units – (6) 2 Bedroom/2 Bathroom Units Property Amenities – Central Gathering Room with Lounge Area/Kitchenette/Game Area/Couches and Entertainment Area, Workout Room furnished with Treadmills/Elliptical Machines and other workout equipment, Elevator, Onsite Leasing Office for Property Management & Exterior Green Space Building Construction Upgrades – Custom Staggered Cabinets with Crown Molding, Granite Counter-tops, Stainless Steel Appliances, Counter-tops, LVP, Tile and Carpet Flooring, LED Can lighting, Balconies/Decks, Additional Parking over City required parking Benefits of Location – Walking distance to many commercial shopping and eating establishments, Walking Distance to many Jobs on 12th Street, Wall Avenue and The Ogden Business Depot, Walking Distance to UTA Bus Stop, Short Bus Ride to the Ogden “Front Runner Station” giving residents an easy commute to Downtown Salt Lake City for Work or Pleasure. Land Size – 3.31 Acres Tax Incentives – Opportunity Zoned Property Total Investment - $19,350,000 Estimated CAP Rate – 5.16% Estimated Vacancy – 4.75% Estimated Yearly Expenses – 29% Year Built (Finished) - 2020 Location - 231 West 12th Street Ogden, Utah 84404 # of Buildings – 1 # of Units - 114 Building Mix – (88) 1 Bedroom/1 Bathroom Units – (20) 2 Bedroom/1 Bathroom Units – (6) 2 Bedroom/2 Bathroom Units Land Size – 3.31 Acres Property Amenities – Central Gathering Room with Lounge Area/Kitchenette/Game Area/Couches and Entertainment Area, Workout Room furnished with Treadmills/Elliptical Machines and other workout equipment, Elevator, Onsite Leasing Office for Property Management & Exterior Green Space Tax Incentives – Opportunity Zoned Property Time Until Ground Breaking – 60-90 Days Year 1 Projected Yearly Cash Flow - $998,247.00 (With no debt) 5 Year Projected Value - $22,431,953.00 (Based on a 3% per year increase) Year 5 Projected Yearly Cash Flow - $1,123,536.00 (Based on a 3% per year increase) 5 Year Total Cumulative Cash Flow – $5,299,831.00 (Based on a 3% per year increase) ** Seller are Licensed Realtors in the State of Utah and participating in this Transaction