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4-plex in South Ogden | The Brooks on 40th 302 40th St 4 Unit Apartment Building $1,348,000 ($337,000/Unit) 5.42% Cap Rate Ogden, UT 84405
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$79,565
|
$11.37
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $79,565 |
| Annual Per SF | $11.37 |
PROPERTY FACTS
| Price | $1,348,000 | Building Class | B |
| Price Per Unit | $337,000 | Building Size | 7,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.42% | No. Stories | 4 |
| No. Units | 4 | Year Built | 2021 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | MF - Multifamily. Legal conforming fourplex. | ||
| Price | $1,348,000 |
| Price Per Unit | $337,000 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| 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 | $1,875 | 1,431 |
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Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 05-138-0004 | Improvements Assessment | $714,000 (2024) |
| Land Assessment | $200,000 (2024) | Total Assessment | $914,000 (2024) |
PROPERTY TAXES
Parcel Number
05-138-0004
Land Assessment
$200,000 (2024)
Improvements Assessment
$714,000 (2024)
Total Assessment
$914,000 (2024)
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4-plex in South Ogden | The Brooks on 40th | 302 40th St
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