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Ogden Towns 711 350 E 36 Unit Apartment Building $17,337,327 CAD ($481,592 CAD/Unit) 5% Cap Rate Ogden, UT 84404
INVESTMENT HIGHLIGHTS
- Brand new units
- Central location in Ogden, UT
- Clean, modern feel inside and out
EXECUTIVE SUMMARY
Brand new townhome community in the heart of Ogden, Utah. Four front load units and 31 rear load units. Each unit is 3 bedrooms, 2.5 bathrooms, and approximately 1550SF, plus an attached 2 car garage. The units are individually platted, so may be sold as individual units in the future or held as a rental investment long-term. Nine of the 36 units are complete now and ready to rent with the remainder slated for delivery between now and August 2026.
Rents in the area are $1700-$2000 per month for a townhome. At this bulk price the units are $345,000 each, which is an excellent price for Ogden.
We have a relationship with a property management company (Celle Asset Management) that can manage the project for you for 6-7.5% of rents or you are welcome to find your own management company. The new units have a builder warranty and are upgraded with floor to ceiling cabinetry, quartz counters, etc.
Buyer may purchase buildings as they are complete, or in a few partial closings as needed.
Rents in the area are $1700-$2000 per month for a townhome. At this bulk price the units are $345,000 each, which is an excellent price for Ogden.
We have a relationship with a property management company (Celle Asset Management) that can manage the project for you for 6-7.5% of rents or you are welcome to find your own management company. The new units have a builder warranty and are upgraded with floor to ceiling cabinetry, quartz counters, etc.
Buyer may purchase buildings as they are complete, or in a few partial closings as needed.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,175,923
|
$21.07
|
| Other Income |
$22,335
|
$0.40
|
| Vacancy Loss |
$50,253
|
$0.90
|
| Effective Gross Income |
$1,148,005
|
$20.57
|
| Taxes |
$62,816
|
$1.13
|
| Operating Expenses |
$223,347
|
$4.00
|
| Total Expenses |
$286,164
|
$5.13
|
| Net Operating Income |
$861,841
|
$15.45
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,175,923 |
| Annual Per SF | $21.07 |
| Other Income (CAD) | |
|---|---|
| Annual | $22,335 |
| Annual Per SF | $0.40 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $50,253 |
| Annual Per SF | $0.90 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,148,005 |
| Annual Per SF | $20.57 |
| Taxes (CAD) | |
|---|---|
| Annual | $62,816 |
| Annual Per SF | $1.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $223,347 |
| Annual Per SF | $4.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $286,164 |
| Annual Per SF | $5.13 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $861,841 |
| Annual Per SF | $15.45 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Basketball Court
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 36 | - | 1,550 |
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Presented by
J. Thomas Homes
Ogden Towns | 711 350 E
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