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Country Hills Apartments 1117 Country Hills Dr 9 Unit Apartment Building $2,500,000 ($277,778/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 | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$152,357
|
$16.17
|
| Other Income |
$20,395
|
$2.16
|
| Vacancy Loss |
$21,140
|
$2.24
|
| Effective Gross Income |
$151,612
|
$16.09
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,319
|
$5.13
|
| Net Operating Income |
$103,293
|
$10.96
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $152,357 |
| Annual Per SF | $16.17 |
| Other Income | |
|---|---|
| Annual | $20,395 |
| Annual Per SF | $2.16 |
| Vacancy Loss | |
|---|---|
| Annual | $21,140 |
| Annual Per SF | $2.24 |
| Effective Gross Income | |
|---|---|
| Annual | $151,612 |
| Annual Per SF | $16.09 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,319 |
| Annual Per SF | $5.13 |
| Net Operating Income | |
|---|---|
| Annual | $103,293 |
| Annual Per SF | $10.96 |
Property Facts
| Price | $2,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,778 | 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 | $2,500,000 |
| Price Per Unit | $277,778 |
| 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 | $1,512 | 769 - 1,363 |
| 1+1 | 1 | $1,389 | 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 | $542,000 (2025) |
| Land Assessment | $315,000 (2025) | Total Assessment | $857,000 (2025) |
Property Taxes
Parcel Number
06-081-0021
Land Assessment
$315,000 (2025)
Improvements Assessment
$542,000 (2025)
Total Assessment
$857,000 (2025)
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Country Hills Apartments | 1117 Country Hills Dr
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