Wednesday, October 29, 2014
FOR SALE: Big Brick Ogden Triplex
I recently listed this triplex for sale located at 452 5th St. in Ogden, Utah.
The building was constructed the early 1940's and consists of three units. One is upstairs, one is on the main level, and one is in the basement. The main level unit has two bedrooms with the upper and basement units each have one bedroom. The units are approximately 900 SQFT each and have an accompanying garage bay in the rear of the property.
The home has three electrical meters but the entire building is heated via radiant heat. The boiler is fairly new and located in the basement. The owner pays for gas and water expenses while tenants pay for their electrical service.
I put together a double-speed video walk-through of all the units and the property so you could get a feel for the floor plan, condition, and use of space:
Overall, this property would make a good investment for both new investors or seasoned investors looking to add to their portfolio. The building generates $1850/mo. in rent and generates an annual return-on-investment of 9.62% after all expenses including property management.
If you are interested in this property CONTACT ME for current pricing and details on income and expenses.
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