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3476 Brinker 3476 Brinker Ave 10 Unit Apartment Building $1,899,999 ($190,000/Unit) 5.77% Cap Rate Ogden, UT 84403
INVESTMENT HIGHLIGHTS
- RECENT CAP EX REPAIRS: New Roofs, New Hot Water Heater, New Energy Efficient Boiler, New Shared Laundry Room, Unit Cosmetic Updates, LED lights
- STRONG RENTAL INCOME: With current gross annualized rents of $128,160 and a potential increase to $142,800
- PROXIMITY TO WEBER STATE UNIVERSITY: The property is conveniently located near Weber State University
EXECUTIVE SUMMARY
Brinker Apartments, located at 3476 Brinker Avenue in Ogden, Utah, is a well-maintained 10-unit multifamily property offering a mix of one and two-bedroom units averaging 745 square feet. Constructed in 1966 and recently renovated in 2022, the property combines classic charm with modern amenities, making it an attractive option for both tenants and investors.
PROPERTY FACTS
| Price | $1,899,999 | Building Class | C |
| Price Per Unit | $190,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 7,450 SF |
| Cap Rate | 5.77% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,899,999 |
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2022 |
| Parking Ratio | 1.74/1,000 SF |
AMENITIES
SITE AMENITIES
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,050 | 675 - 800 |
| 2+1 | 7 | $1,250 | 775 |
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PROPERTY TAXES
| Parcel Number | 05-043-0022 | Improvements Assessment | $623,000 |
| Land Assessment | $350,000 | Total Assessment | $973,000 |
PROPERTY TAXES
Parcel Number
05-043-0022
Land Assessment
$350,000
Improvements Assessment
$623,000
Total Assessment
$973,000
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3476 Brinker | 3476 Brinker Ave
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