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4-plex in South Ogden | The Brooks on 40th 302 40th St 4 Unit Apartment Building $1,756,313 CAD ($439,078 CAD/Unit) 6.36% Cap Rate Ogden, UT 84405
Investment Highlights
- Four-unit residential property completed in 2021.
- Features quartz countertops, luxury vinyl plank flooring, and 13-foot ceilings.
- Located in the heart of Ogden with mountain views and nearby amenities.
- Positioned less than five minutes from Weber State University and McKay-Dee Hospital.
- Constructed as a ground-up development project.
- Tenants are responsible for all utility payments.
Executive Summary
Meet the "Brooks on 40th". An architectural wonder in the heart of Ogden. This almost brand new 4-plex sits tucked below the mountains with incredible views and nearby amenities demanding top dollar rents. From quartz countertops, high-end cabinets, LVP, 13 ft high ceilings, and so many more amenities; this property will serve as an incredible addition to any investors portfolio. This property was a ground up construction project. Location is absolutely prime being less than 5 minutes away from Weber State University, McKay-Dee Hospital, and heavy commercial. P/L + Rent roll statement attached with listing. This property has been owner operated since it's completion in 2021. Property when fully occupied brings in almost $7,500/mo in gross rent!! Tenants pay all utilities. Square footage figures are provided as a courtesy estimate only and were obtained from original appraisal. Buyer is advised to obtain an independent measurement.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$111,751
|
$15.96
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $111,751 |
| Annual Per SF | $15.96 |
Property Facts
| Price | $1,756,313 CAD | Building Class | B |
| Price Per Unit | $439,078 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,000 SF |
| Cap Rate | 6.36% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | MF - Multifamily. Legal conforming fourplex. | ||
| Price | $1,756,313 CAD |
| Price Per Unit | $439,078 CAD |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 1.14/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF - Multifamily. Legal conforming fourplex. |
Amenities
Site Amenities
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $2,583 CAD | 1,431 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-138-0004 | Improvements Assessment | $976,480 CAD |
| Land Assessment | $274,000 CAD | Total Assessment | $1,250,480 CAD |
Property Taxes
Parcel Number
05-138-0004
Land Assessment
$274,000 CAD
Improvements Assessment
$976,480 CAD
Total Assessment
$1,250,480 CAD
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4-plex in South Ogden | The Brooks on 40th | 302 40th St
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