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3455 S BRINKER AVE Ogden, UT 84403

Beds: 21
Baths: 16.00
Sq Ft: 14160
Type: MULT
MLS#: 1459307
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Total square footage figures are provided as a courtesy estimate only and were obtained from previous listing MLS #1165756. From Weber county assessor office, the total square footage is estimated to be 10186. Buyer is advised to obtain an independent measurement. The listing price reflects cap 8.5. the property generates a steady stream of cash flow. The operating statement is attached. at a price of $850K, the 2015 operating statement leads to a cap rate of 6.05, the 2016 operating statement leads to a cap rate of 6.59. The first half 2017 operating statement leads a cap rate of 7.07. The July-Oct 2017 operating statement leads to a cap rate of 7.68. The 2018 proforma leads to a cap rate of 8.57. This is a premium location, only a few blocks from Weber State University. Right on the Harrison BLVD commercial Corridor. Shadow Valley Elementary is assigned, score 8 out of 10 by greatschools! The best school in South Ogden area. The school bus picks up at the closest intersection. A lot of tenants come and stay for Shadow Valley Elementary. Very solid tenants. 9 tenants have jobs and two on section 8. The criteria for lease here: income over 2.75 times of the rent and no drug related history. There is a combination of architectural and building styles. A row of five townhouse-styled units were added in 1960. Owner pays water, sewer, dumpster. Majority of the units are individually metered for power and gas. some units have joint meters, either the utility is included in rent or paid by tenants to the landlord. Major capital spending has been made during the current ownership, total $113, 400. The main sewer lateral was replaced in 2014 with a street excavation permit to connect to the city sewer on Van Buren. A second sewer lateral was discovered in 2015 and was replaced. Two furnaces and five water heaters were replaced. The roof on Unit 11 were replaced in 2014. 12 new windows in last four years. A new coin-op laundry. New flooring in almost every unit. Fresh paint

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DescriptionInterior & Exterior Features

Interior Features Include:

Window Cov: Blinds

Heating: Forced Air
Source Forced Air

Floor Type: Carpet, Tile, Vinyl

Exterior Features Include:

Acreage: 0.5000 Acres

Landscape Landscaping: Full, Mature Trees

Roof: Asphalt Shingles, Flat

Other Features Include:

Water: Culinary, Irrigation

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Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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