This piece of land is 99% entitled and has received preliminary site plan approval with the city for a 33 unit apartment complex. Entitlements will be completed in March. This development opportunity projects with: - 6.6% cap rate after completion - 9.4% cash on cash return - $7,400 net monthly cash flow before debt service - $1.28 million in net equity after completion - $1.5 million in 2019 tax incentives. The following have been completed and can be shared with interested buyers: - Pre-approved plat - Survey - Topography - Geotech and surveys - ESA/Phase1 - Traffic study - UDOT approval This sale also includes adjoining parcels: 040590040 and 040590058 Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. All figures provided are done as a courtesy estimate. Buyer to do their own due diligence.
In recent years, Ogden has reinvented itself while capitalizing on its independent spirit. By reviving the downtown district and breathing new life into Historic 25th Street, the city is smartly creating a welcoming environment for business and residential growth.
Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information last updated on August 18th, 2019 at 3:13am MDT.