Off Market

330 28th St, Ogden, UT 84401

$6,385,000

56 bed · 40 bath · 35,748 sqft

This prime NEW to be built 40-unit apartment complex sits on a 1 acre lot less than one block West of Washington Blvd in the heart of Ogden. Ogden is one of the hottest cities in America. The purchase will come with a fully constructed 35,748 total SQ FT which consists of 16 2bd/1bth and 24 1bd/1bth. The site will be landscaped and developed, yielding 60 parking stalls. The NOI is projected to be $428,218 which is provides a robust 6.36% CAP. This list price requires that the buyer finance the construction. If seller finances construction and development costs, the price will be ****$7,136,960****. Square footage figures are provided as a courtesy estimate only and were obtained from plans. Buyer is advised to obtain an independent measurement.

Listing courtesy of Larry Bastian, Equity Real Estate (Results).

SCHEDULE A SHOWING OR MAKE AN OFFER

Buy with GIDDY DIGS for a 2% buyer commission — requested from the seller with your offer.