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Ogden Towns 711 350 E 36 Unit Apartment Building $12,420,000 ($345,000/Unit) 5% Cap Rate Ogden, UT 84404
INVESTMENT HIGHLIGHTS
- Brand new units
- Central location in Ogden, UT
- Clean, modern feel inside and out
EXECUTIVE SUMMARY
Brand new townhome community in the heart of Ogden, Utah. Four front load units and 31 rear load units. Each unit is 3 bedrooms, 2.5 bathrooms, and approximately 1550SF, plus an attached 2 car garage. The units are individually platted, so may be sold as individual units in the future or held as a rental investment long-term. Nine of the 36 units are complete now and ready to rent with the remainder slated for delivery between now and August 2026.
Rents in the area are $1700-$2000 per month for a townhome. At this bulk price the units are $345,000 each, which is an excellent price for Ogden.
We have a relationship with a property management company (Celle Asset Management) that can manage the project for you for 6-7.5% of rents or you are welcome to find your own management company. The new units have a builder warranty and are upgraded with floor to ceiling cabinetry, quartz counters, etc.
Buyer may purchase buildings as they are complete, or in a few partial closings as needed.
Rents in the area are $1700-$2000 per month for a townhome. At this bulk price the units are $345,000 each, which is an excellent price for Ogden.
We have a relationship with a property management company (Celle Asset Management) that can manage the project for you for 6-7.5% of rents or you are welcome to find your own management company. The new units have a builder warranty and are upgraded with floor to ceiling cabinetry, quartz counters, etc.
Buyer may purchase buildings as they are complete, or in a few partial closings as needed.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$842,400
|
$15.10
|
| Other Income |
$16,000
|
$0.29
|
| Vacancy Loss |
$36,000
|
$0.65
|
| Effective Gross Income |
$822,400
|
$14.74
|
| Taxes |
$45,000
|
$0.81
|
| Operating Expenses |
$160,000
|
$2.87
|
| Total Expenses |
$205,000
|
$3.67
|
| Net Operating Income |
$617,400
|
$11.06
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $842,400 |
| Annual Per SF | $15.10 |
| Other Income | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $0.29 |
| Vacancy Loss | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $0.65 |
| Effective Gross Income | |
|---|---|
| Annual | $822,400 |
| Annual Per SF | $14.74 |
| Taxes | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $0.81 |
| Operating Expenses | |
|---|---|
| Annual | $160,000 |
| Annual Per SF | $2.87 |
| Total Expenses | |
|---|---|
| Annual | $205,000 |
| Annual Per SF | $3.67 |
| Net Operating Income | |
|---|---|
| Annual | $617,400 |
| Annual Per SF | $11.06 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Basketball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 36 | - | 1,550 |
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Presented by
J. Thomas Homes
Ogden Towns | 711 350 E
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