For Sale 344 E 31st St, Ogden UT MLS® #1584442
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Sadie Myers

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Brian Hassell

  • MLS® #: 1584442
  • 344 E 31st St

  • Ogden, UT 84401
  • $875,000
  • 0.84 Acres
  • Land
  • Agent: Dane Bollwinkel
  • Office: Influence Realty And Relocation

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.

Essential Information

  • MLS® #1584442
  • Price$875,000
  • Acres0.84
  • TypeLand
  • Sub-TypeResidential, Multi Housing
  • StatusActive

Community Information

  • Address344 E 31st St
  • AreaOgdn; W Hvn; Ter; Rvrdl
  • CityOgden
  • CountyWeber
  • StateUT
  • Zip Code84401

School Information

  • DistrictOgden
  • ElementaryOdyssey
  • MiddleMount Ogden
  • HighOgden

Additional Information

  • Date ListedMarch 5th, 2019
  • Days on Market78
  • ZoningMulti-Family

Property Location

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