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3025-3027 S Adams Ave 10 Unit Apartment Building $1,595,000 ($159,500/Unit) 5.12% Cap Rate Ogden, UT 84403
INVESTMENT HIGHLIGHTS
- Stabilized 10-Unit Asset
- Charming Historic Architecture
- Desirable Unit Mix
- Competitive Price Per Unit
EXECUTIVE SUMMARY
Located in the heart of Ogden, 3027 Adams Avenue is a fully leased 10-unit Victorian-style property generating $9,300/ month in gross rent. Priced at $1,595,000, the asset offers a 5.6% in-place cap rate and features a mix of 6 studios, 2 one-bedrooms, and 2 two-bedrooms.
Situated on a 0.40-acre lot with off-street parking, the property is within walking distance of downtown, transit, and Weber State University. With stable income, room for rent growth, and utility bill-back potential, this is a turn-key investment with upside in a growing market.
Situated on a 0.40-acre lot with off-street parking, the property is within walking distance of downtown, transit, and Weber State University. With stable income, room for rent growth, and utility bill-back potential, this is a turn-key investment with upside in a growing market.
PROPERTY FACTS
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $159,500 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 3,768 SF |
| Cap Rate | 5.12% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1896 |
| Property Subtype | Apartment | Parking Ratio | 2.65/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,595,000 |
| Price Per Unit | $159,500 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,768 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1896 |
| Parking Ratio | 2.65/1,000 SF |
AMENITIES
UNIT AMENITIES
- Bay Window
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
- Smoke Free
- Window Coverings
SITE AMENITIES
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $795.00 | 380 |
| 1+1 | 2 | $950.00 | 550 |
| 2+1 | 2 | $1,100 | 650 |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 04-026-0020 | Improvements Assessment | $634,000 |
| Land Assessment | $490,000 | Total Assessment | $1,124,000 |
PROPERTY TAXES
Parcel Number
04-026-0020
Land Assessment
$490,000
Improvements Assessment
$634,000
Total Assessment
$1,124,000
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3025-3027 S Adams Ave
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