This prime raw 1 acre lot sits less than one block West of Washington Blvd. The purchase will come with full construction drawings, and fully approved site plan, lot combination, landscape plan and flow tests, civil engineering and geo report. The project approvals will allow a 40-unit apartment complex that has 35,748 total SQ FT to be built by buyer. It consists of 16 2bd/1bth and 24 1bd/1bth. The NOI is projected at $428,218 which is provides a robust 6.36% CAP. Square footage figures are provided as a courtesy estimate only and were obtained from plans. Buyer is advised to obtain an independent measurement.
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.
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Listing information last updated on September 18th, 2019 at 9:13am MDT.