Austin Seegmiller 8014997424

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.

The Brooks OM

Rent Roll

Title Commitment (95)

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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MF - Multifamily. Legal conforming fourplex.