About 3476 Brinker Ave
Brinker Apartments, located at 3476 Brinker Avenue in Ogden, Utah, is a well-maintained 10-unit multifamily property offering a mix of one and two-bedroom units averaging 745 square feet. Constructed in 1966 and recently renovated in 2022, the property combines classic charm with modern amenities, making it an attractive option for both tenants and investors. PROPERTY HIGHLIGHTS: 1. RECENT CAP EX REPAIRS: New Roofs, New Hot Water Heater, New Energy Efficient Boiler, New Shared Laundry Room, Unit Cosmetic Updates including LED lighting throughout. 2. PROXIMITY TO WEBER STATE UNIVERSITY: The property is conveniently located near Weber State University, attracting students and faculty seeking nearby housing options. 3. STRONG RENTAL INCOME: With current gross annualized rents of $128,160 and a potential increase to $142,800, the property offers a solid income stream with room for growth. Energy and Landscaping costs will decrease because of the new boiler and the newly installed xeriscaping. 4. DESIRABLE UNIT MIX: The complex features a balanced mix of one-bedroom and two-bedroom units, catering to a diverse tenant base. 5. ON-SITE PARKING: Each unit includes access to covered carport parking, a valuable amenity in the area that enhances tenant satisfaction. 6. ECONOMIC GROWTH IN OGDEN: Ogden has been recognized for its economic vitality, ranking 9th in the Milken Institute's "Best Performing Cities" index, indicating a robust job market and potential for property value appreciation. 7. LOW VACANCY RATES: The property boasts high occupancy with minimal vacancy rates, reflecting strong demand in the local rental market. 8. THRIVING COMMUNITY DEVELOPMENTS: Ogden's ongoing downtown revitalization projects, such as the WonderBlock development, are set to enhance the city's appeal and potentially increase property values.
