Homes for sale - 667 30TH ST, Ogden, UT 84403

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Shannon Olsen

My Utah Agents

myutahagents@gmail.com +1(801) 458-6467

$ 1,250,000

Est. payment | -/mo

12 Beds

10 Baths

8,220 SqFt

Save Virtual Tour

$ 1,250,000

Est. payment | -/mo

Save Virtual Tour

12 Beds

10 Baths

8,220 SqFt

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,220 sqft

Price per Sqft $152

MLS Listing ID 2070892

Style Stories: 1

Bedrooms 12

Construction Status Blt./Standing

HOA Y/N No

Year Built 1949

Annual Tax Amount $7,334

Lot Size 0.570 Acres

Acres 0.57

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

This exceptional investment opportunity presents the chance to acquire a property of two multifamily properties totaling 9 units, constructed in 1949, situated in the highly sought-after Ogden area. These buildings are located in a prime central Ogden location, providing convenient access to essential amenities and local attractions. The properties consist of one studio, four 1BD/1BA units, three 2BD/1BA units, and one 2BD/2BA unit. The current owners have proactively maintained the properties, with numerous improvements completed in recent years. These include: Seven of the 9 units have seen partial renovations in recent years, with three units fully updated in 2024. Even with 7 of the 9 units partially or fully renovated within the past 1-5 years, there is still tremendous opportunity to enhance the property value further. Additionally, 4 units are currently on month-to-month leases, making it easy to bring rents up to market rate quickly. In 2024, average the vacancy rate for this property was 30.6%, significantly higher than the Ogden area's average of 5.6% (according to Yardi Matrix). By reducing vacancy to 7% while maintaining current expenses, the property could achieve a 6.11% cap rate at the asking price. Additionally, with market rents in place, the property has the potential for a 7.48% cap rate. VALUE-ADD OPPORTUNITIES: The property, located on a 0.574-acre corner lot, offers ample vacant land suitable for storage units and tenant amenities. Rental Rate Growth: Current rental rates are below market averages, with the potential to increase rents significantly. By getting the vacancy rate closer to market, updating the remaining units, introducing storage units, and implementing tenant amenities, this property presents substantial opportunities

Location

State UT

County Weber

Area Ogdn; W Hvn; Ter; Rvrdl

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool No

Building

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools None/Other

Middle Schools None/Other

High Schools None/Other

Others

Senior Community No

Tax ID 04-019-0043

Virtual Tour https://media.showingtimeplus.com/sites/nxnpgex/unbranded

Listed by Pathway Properties, LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 458-6467

myutahagents@gmail.com

739 E 3800 N, NORTH OGDEN, Utah, 84414, USA

667 30TH ST Ogden, UT 84403