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This property has been 100% rented for at least five years; there is a waiting list for renters. The owner has not had to advertise for renters.
This project would make a great condo conversion.
$1,320,000 FOR OGDEN , UTAH 10 PLEX 1 BLOCK FROM
WEBER STATE UNIVERSITY
6 EACH 3 BEDROOM 3 BATH WITH OVER 1500SF
4 EACH 4 BEDROOM 3 BATH WITH OVER 1800SF
ALL FULLY RENTED WITH A WAITING LIST TO RENT UNITS
$142,200.00 GROSS RENTAL INCOME
$49, 046.52 IN GROSS EXPENSES
6.5% CAP RATE FIGURING 5% VACANCY RATE
BUILT IN 2007
WASHER AND DRYER INCLUDED
SEPERATE GAS AND WATER METERS
EASY TO CONVERT TO CONDOS
15%+ APPRECIATION IN THIS PART OF UTAH
96% OCCUPANCY RATE IN THE RENTAL MARKET
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