344 E 31ST St

    Ogden, UT 84401
    • $875,000
    • STATUS: Active
    • ON SITE: 82 days
    • ID#: 1584442
    UPDATED: 204 min ago
    $875,000
    • 0
      BEDS
    • 0.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    This piece of land is 99% entitled and has received preliminary site plan approval with the city for a 33 unit apartment complex. Entitlements will be completed in March. This development opportunity projects with: - 6.6% cap rate after completion - 9.4% cash on cash return - $7,400 net monthly cash flow before debt service - $1.28 million in net equity after completion - $1.5 million in 2019 tax incentives. The following have been completed and can be shared with interested buyers: - Pre-approved plat - Survey - Topography - Geotech and surveys - ESA/Phase1 - Traffic study - UDOT approval This sale also includes adjoining parcels: 040590040 and 040590058 Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. All figures provided are done as a courtesy estimate. Buyer to do their own due diligence.

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    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2019-05-26T23:35:44.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
    www.themuvegrouphomes.com/homes/92371553

    344 E 31ST St Ogden, UT 84401

    • Price: $875,000
    • Status: Active
    • Updated: 204 min ago
    • ID#: 1584442
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.84
    Acres
    Neighborhood:
    Ogdn; W Hvn; Ter; Rvrdl
    County:
    Weber
    Area:
    Ogdn; W Hvn; Ter; Rvrdl
    Elementary School:
    Odyssey
    Middle School:
    Mount Ogden
    High School:
    Ogden
    School District:
    Ogden
    Property Description
    This piece of land is 99% entitled and has received preliminary site plan approval with the city for a 33 unit apartment complex. Entitlements will be completed in March. This development opportunity projects with: - 6.6% cap rate after completion - 9.4% cash on cash return - $7,400 net monthly cash flow before debt service - $1.28 million in net equity after completion - $1.5 million in 2019 tax incentives. The following have been completed and can be shared with interested buyers: - Pre-approved plat - Survey - Topography - Geotech and surveys - ESA/Phase1 - Traffic study - UDOT approval This sale also includes adjoining parcels: 040590040 and 040590058 Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. All figures provided are done as a courtesy estimate. Buyer to do their own due diligence.
    Exterior Features

    Length In Feet Of Back Of Property 0.0 Length In Feet Of Front Of Property 0.0 Length In Feet Of Side Of Property 0.0

    Property Features

    Hoa No Hoa Fee 0 Land Property Type ResidentialMulti Housing Lease Price 0.00 Owner Type Property Owner Taxes 5266 Terms CashCommercial Fin. Req.ConventionalExchange Water Shares1 0.00 Water Shares2 0.00 Water Shares3 0.00 Zoning Multi-Family Zoning Code Cp-3

    Listing provided courtesy of Influence Realty And Relocation. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


    Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2019-05-26T23:35:44.66. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.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. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
     
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