Off Market

931 E 1225 N, Ogden, UT 84404

$900,000

11 bed · 8.75 bath · 4,115 sqft

This is a once-in-a-lifetime deal! It is currently permitted and operating as a short-term rental (vacation rental) with a mid-term booking all the way through August at $12,400 a month. Everything needed to rent this property is included. At $900k this is a 10.7% cap rate turn-key investment. Recently remodeled, there are no improvements that have to be made to make this property a cash flow machine. You won't find a better deal on the MLS. This is a one-story living that would work great for converting it into a group home or senior living facility with very little effort, as well. Every bedroom has a 3/4 bath and one bedroom is a full studio apartment (with a full kitchen) that can be used for management, office, or just a higher value rental. Could also easily convert the studio into a 3 bedroom apartment and rent the property as a permitted duplex. Please don't disturb the guests at the property. No showings until after an accepted offer. Proof of funds necessary on all offers. Please see attached documents for P&L. The selling agent is related to the seller. Square footage is based on county records. Buyer to verify all information. A recent residential appraisal came in at $875,000. A two-year-old commercial appraisal came in at $1.2 Million. See Commercial Listing here 1820525. Current use qualifies it for commercial use Virtual Walk-Through: https://my.matterport.com/show/?m=uspQZGi2J1x

Photos (38)

Listing courtesy of Aaron Havens, Conrad Cruz Real Estate Services, LLC.

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