December 05, 2008

Investment Property in Ogden

Positive cash flow in today’s economy is certainly on every investor’s mind. In Northern Utah and especially in Ogden City, low priced multi-family properties with solid rents can still be found. For example: I have a side-by-side duplex listed for sale in Ogden. It was built in 2002 and really has the townhome layout. It’s only a duplex so both units are considered end units. Each unit has 3 bedrooms and 2 bathrooms and has 1,335 sq. ft. Each unit has its own one car garage as well. One side is rented out for $750 and the other side is rented for $850. One side of the duplex has been rented to the same residents since it was built in 2002. The 2nd unit has been rented consistently since it was built and currently has a resident that has been there for 2 years. Neither resident has any immediate plans to move-out. The property brings in $1600 in gross rents on a monthly basis! The current list price is $219,000. With any money down and a good rate on financing this could be a great investment opportunity!

The neighborhood is great. Homes in the area were all built from 2000 and on so there aren’t any eyesores in the neighborhood. Utah Transit Authority (UTA) has been working hard to keep our freeways clear and keep costs down. They built a high speed passenger train that gets to Salt Lake from Ogden in about 50 minutes. The Frontrunner station is only about 5 minutes away from this property. There isn’t a homeowners association in the area and so investors have no need to worry about an extra monthly fee. If you check out the Google map you can see the overhead view of the community and see the open areas and location in comparison to the rest of Ogden. There isn’t a single HOA or community fee and there are separate meters for Natural Gas and the electric utilities. It’s not everyday that you come across a good deal like this. The current residents have been great tenants and don’t plan on leaving any time soon. Please contact me if you have any questions or would like to schedule a showing!

Posted By: Adam Stuart