Last week I got a call from a gentleman in Kansas. He indicated he had a piece of property in Ogden that he no longer wanted. Apparently, he purchased the property at a county tax sale several years ago without seeing the property. It turned out to be a small parcel with a four car garage on it tucked away behind a dumpy fourplex. Since he purchased it, the tenants in the fourplex have taken it over and used it without permission.
Coincidentally, it appears though that the county did not assess the value of the garage until this year which increased his tax obligation by four-fold. Thus, his desire to unload the property. With no income from the property and an increasing tax burden, suddenly he became a motivated "seller". I indicated I would be glad to relieve him of this responsibility and he quit claimed the property to me for the princely sum of $10.
Here is what I will be dealing with.
Behind those tarps are lots of "things". Plus, there is definitely some room for some TLC. I notified the tenants of the fourplex today that they have 15 days to remove their items. As you can probably imagine, that wasn't received very warmly by everyone who has been used to using the space for free for the past several years.
The plan is to clean the building up and then lease it for parking and storage to the tenants in the building. Without this space, there is really no parking available for the fourplex so there is some incentive to pay to use the space. We shall see. Stay tuned for an update when we return at the deadline to see what is left to tow or throw away.
Posted by Jeremy Peterson
Ogden, Utah Real Estate Broker
Mountain Real Estate Companies
801-390-1480
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