1358 Washington BlvdOgden, UT 84404

Property Details for 1358 Washington Blvd

Year built

1888

Construction

WOOD FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,430 SF

Zone code

03A

Property type

Retail properties

Property subtype

Retail space

APN

12-111-0028

APU

121110028

Description

This unique Ogden, UT investment property at 1358 WASHINGTON offers a compelling blend of commercial and residential income streams. The main floor houses a currently operating business operating on a month-to-month lease, while the upper level features two studio apartments, each generating rental income. The combined monthly income from all sources, including rents and utilities, totals $3,785. The current studio apartment leases expire on February 28, 2025. The property sits on a 0.18-acre lot. The asking price for this exceptional opportunity is $470,000. A significant advantage for qualified buyers is the availability of a seller-affiliated bridge loan. This loan program offers financing of up to 100% of the purchase price, with the attractive feature of no origination charges. This financing option is available for a one-year term. It's crucial for prospective buyers to independently verify the lending terms and conditions directly with the lender, as this is a unique financing arrangement. This property presents a rare chance to acquire a mixed-use investment with established income and attractive financing possibilities. The property's location in Ogden, UT, offers access to a vibrant local market and potential for future growth. All financial information should be independently verified by the buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $555,274

  6.5%

  $512,560

  7%

  $475,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $721,981

  Geo Method

  $721,981

• Alternative Use

  Use

  Valuation

  Residential

  $432,364

  Hospitality

  $396,043

  Educational

  $329,503

  Medical

  $340,835

  Retail

  $512,560

Location Insight

City

Ogden

County

Weber

State

Utah

Latitude

41.2414

Longitude

-111.97

CBSA code

36260

CBSA name

OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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