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1117 Country Hills Dr
Ogden, UT 84403
Asking Price
$2.50M
Cap Rate
4.68%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | Partially Completed 23 - Unit | SELLER FINANCING <p>- <strong>Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside</strong></p><p>- Approved by-right expansion to 18 units with no third-party cooperation required</p><p>- Full entitlement pathway to 23 units with completed architectural and engineering drawings</p><p>- <strong>Seller financing at 5% fixed for 11 years & only 8% down to close</strong></p><p>- Rent upside available through exterior improvements without waiting on expansion</p><p>- <strong>Infrastructure already upgr
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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631
