302 40th St, South Ogden

$1,349,000

12 Beds
8 Baths
7,000 Sqft
.16 Acre
0 Garage

Meet the "Brooks on 40th". An architectural wonder in the heart of Ogden. This almost brand new 4-plex sits tucked below the mountains with incredible views and nearby amenities demanding top dollar rents. From quartz countertops, high-end cabinets, LVP, 13 ft high ceilings, and so many more amenities; this property will serve as an incredible addition to any investors portfolio. This property was a ground up construction project. Location is absolutely prime being less than 5 minutes away from Weber State University, McKay-Dee Hospital, and heavy commercial. P/L + Rent roll statement attached with listing. This property has been owner operated since it's completion in 2021. Property is fully occupied bringing in almost $7,500/mo in gross rent!! Tenants pay all utilities as well. See agent remarks for proforma. Square footage figures are provided as a courtesy estimate only and were obtained from original appraisal. Buyer is advised to obtain an independent measurement.Seller finance terms: Interest rate: 3.99% Purchase price: $1,349,000 Down payment: $634,000 Loan amount: $715,000 Balloon: 4 years

Essential Information
MLS® #1977655
Price$1,349,000
Bedrooms12
Bathrooms8.00
Square Footage7,000
Acres0.16
Year Built2021
TypeResidential
Sub-TypeQuadruplex
StyleStories: 3
StatusActive
Community Information
Address302 40th St
AreaOgdn; W Hvn; Ter; Rvrdl
CitySouth Ogden
CountyWeber
StateUT
Zip Code84405
School Information
DistrictWeber
ElementaryWashington Terrace
MiddleSouth Ogden
HighBonneville
Additional Information
Date ListedJanuary 27th, 2024
Days on Market92
ZoningMulti-Family
Listing Details
AgentAustin Seegmiller
OfficeNRE
Property History
Price Reduced from $1,395,000 to $1,349,000
Price Reduced from $1,398,000 to $1,395,000
Price Reduced from $1,399,000 to $1,398,000
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