550 900Ogden, UT 84404

Property Details for 550 900

Year built

2024

Lot size

2.81 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional multifamily investment opportunity presents a portfolio of 32 newly constructed townhomes located at 550 E 900 N St, Ogden, Utah, 84404, in Weber County. Completed in the second quarter of 2024, this stabilized property boasts a total of 61,312 net rentable square feet across six, two-story buildings situated on a 2.81-acre lot. Each unit is a spacious three-bedroom, two-and-a-half-bathroom residence featuring an attached two-car garage. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $542,780, resulting in an attractive 5.24% capitalization rate. The asking price for this turnkey investment is $10,350,000, representing a price per unit of $323,437.50. The property's APN is 11045004. This represents a rare opportunity to acquire a high-performing, modern multifamily asset in a desirable Ogden location. The property's strong performance and attractive features make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request.

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.2739

Longitude

-111.965

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