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Country Hills Apartments 1117 Country Hills Dr 9 Unit Apartment Building $3,445,350 CAD ($382,817 CAD/Unit) 4.68% Cap Rate Ogden, UT 84403
Investment Highlights
- Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside
- Full entitled pathway to 23 units with completed architectural and engineering drawings
- Rent upside available through exterior improvements without waiting on expansion - Infrastructure already upgraded to support new construction, reduci
- Approved by-right expansion to 18 units with no third-party cooperation required
- SELLER FINANCING at 5% fixed for 11 years & only 8% down to close
- Adjacent to Intermountain McKay-Dee Hospital, one of Utah's top-ranked regional employers
Executive Summary
Multifamily | 9 Units | $277,778/unit
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$209,969
|
$22.29
|
| Other Income |
$28,107
|
$2.98
|
| Vacancy Loss |
$29,134
|
$3.09
|
| Effective Gross Income |
$208,943
|
$22.18
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$66,590
|
$7.07
|
| Net Operating Income |
$142,352
|
$15.11
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $209,969 |
| Annual Per SF | $22.29 |
| Other Income (CAD) | |
|---|---|
| Annual | $28,107 |
| Annual Per SF | $2.98 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $29,134 |
| Annual Per SF | $3.09 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $208,943 |
| Annual Per SF | $22.18 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,590 |
| Annual Per SF | $7.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $142,352 |
| Annual Per SF | $15.11 |
Property Facts
| Price | $3,445,350 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $382,817 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 4.68% | Building Size | 9,422 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2022 |
| Zoning | R-4 - The property is zoned R-4 and sits on approximately 0.75 acres | ||
| Price | $3,445,350 CAD |
| Price Per Unit | $382,817 CAD |
| Sale Type | Investment |
| Cap Rate | 4.68% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 9,422 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | R-4 - The property is zoned R-4 and sits on approximately 0.75 acres |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $2,084 CAD | 769 - 1,363 |
| 1+1 | 1 | $1,914 CAD | 650 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-081-0021 | Improvements Assessment | $748,215 CAD (2025) |
| Land Assessment | $434,848 CAD (2025) | Total Assessment | $1,183,063 CAD (2025) |
Property Taxes
Parcel Number
06-081-0021
Land Assessment
$434,848 CAD (2025)
Improvements Assessment
$748,215 CAD (2025)
Total Assessment
$1,183,063 CAD (2025)
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Country Hills Apartments | 1117 Country Hills Dr
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