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Key Details
Sold Price $1,025,000
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,544 sqft
Price per Sqft $135
MLS Listing ID 1678823
Sold Date 09/16/20
Style Up And Down
Bedrooms 2
Construction Status Blt./Standing
HOA Y/N No
Year Built 1972
Annual Tax Amount $3,915
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions 0.0x0.0x0.0
Property Description
A GREAT OPPORTUNITY! Well Kept / Maintained! Most Units Re-modeled in the last 2 Years! VERY GOOD CASH FLOW! CAP RATE 5.32%. Very STABLE Tenancy - Less than 2% Vacancy! 22 Parking Spots for 8 Apartments! Laundry Hookups inside the units. Some units have laminate Hard-Wood Flooring throughout & some have Newer Carpet. All Kitchens have Tiles / Hardwood. All Units have Central Air-Conditioners, Fridges, Stoves & Laundry Hook-Ups! IDEA: YOU CAN put in Washer & Dryers in Units & Charge $75/Mo EXTRA for additional $7200 EXTRA Cash Flow! MARKET RENT IS $895 so current Rents are a little low! 100% of our Tenants have PAID their Rents! We have had ZERO Effect due to Covid-19. MAKE OFFER SUBJECT TO INSPECTION -- DO NOT NOT Disturb Tenants - They don't know Apt. Complex is for Sale!
Location
State UT
County Weber
Area Ogdn; W Hvn; Ter; Rvrdl
Zoning Multi-Family
Interior
Interior Features Kitchen: Updated
Heating Forced Air, Gas: Central
Flooring Carpet, Hardwood, Laminate, Tile
Equipment Window Coverings
Fireplace false
Laundry Electric Dryer Hookup
Exterior
Exterior Feature Lighting
Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected
View Y/N No
Roof Type Asphalt
Present Use Residential
Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, Private
Total Parking Spaces 22
Private Pool false
Building
Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Private
Sewer Sewer: Connected, Sewer: Public
Water Culinary
Structure Type Brick
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Country View
Middle Schools T. H. Bell
High Schools Bonneville
School District Weber
Others
Senior Community No
Tax ID 07-067-0045
Ownership Fractional Ownership
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Financing Conventional
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Kelli Stoneman
Broker Associate | License ID: 5656390-AB00
Broker Associate License ID: 5656390-AB00