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Brinker Apartments 3476 Brinker Ave 10 Unit Apartment Building $1,750,000 ($175,000/Unit) 5.06% Cap Rate Ogden, UT 84403
Investment Highlights
- Positioned Near Weber State University and Ogden's Healthcare Corridor
- Meaningful Recent Capital Investment and Updated Amenities
- Clear Path to Rent Growth Through Targeted Unit Upgrades
- Deep, Insulated Student-Renter Demand Base
- Substantial Loss-To-Lease Upside
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire Brinker Apartments, a 10-unit multifamily community on the southern end of Ogden, Utah. The property sits minutes from Weber State University and Ogden's primary healthcare corridor, placing it at the center of one of Ogden's most consistent demand drivers.
The surrounding submarket skews toward student renters, carrying the youngest median age on the Ogden side of the city and resident mobility roughly 20% above the
citywide average. Current ownership has invested in a range of capital improvements across the property while prioritizing occupancy over pushing rents, leaving in-place
rents well below what the market supports. The opportunity ahead is straightforward: targeted interior upgrades and in-unit washer-dryer and AC additions position a buyer to capture meaningful rent growth in a location that already does the heavy lifting.
The surrounding submarket skews toward student renters, carrying the youngest median age on the Ogden side of the city and resident mobility roughly 20% above the
citywide average. Current ownership has invested in a range of capital improvements across the property while prioritizing occupancy over pushing rents, leaving in-place
rents well below what the market supports. The opportunity ahead is straightforward: targeted interior upgrades and in-unit washer-dryer and AC additions position a buyer to capture meaningful rent growth in a location that already does the heavy lifting.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 7,680 SF |
| Cap Rate | 5.06% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,750,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 7,680 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2021 |
| Parking Ratio | 1.74/1,000 SF |
Amenities
Site Amenities
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $1,150 | 800 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-043-0022 | Improvements Assessment | $670,300 |
| Land Assessment | $400,000 | Total Assessment | $1,070,300 |
Property Taxes
Parcel Number
05-043-0022
Land Assessment
$400,000
Improvements Assessment
$670,300
Total Assessment
$1,070,300
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