420 20th St, Ogden, UT

About 420 20th St

Fully Renovated 12-Unit | Ogden | Turnkey and City-Permitted Completely renovated top to bottom with all work permitted and inspected by Ogden City. This 12-plex has had the expensive systems replaced, not just the finishes: all-new electrical with new panels and meters inside and out, all-new plumbing throughout, and new electric baseboard heat in every unit. Every apartment has been rebuilt with new kitchen cabinets, quartz countertops, and new appliances; new bathrooms with tile surrounds, tubs, vanities, and fixtures; and durable laminate flooring throughout. New light fixtures, hardware and drywall. Brand new tankless water heaters supply all the water for the units. Nothing left for the next owner to do. Unit mix is 7 one-bed/1-bath and 5 studio/1-bath apartments across three buildings on a single lot. A shared coin-op laundry room in building 412 serves all tenants and adds ancillary income. The property is professionally managed by a third-party management company and can transfer with management in pace. Rents were low to lease up and are below market rental rates. An attached pro-forma shows market rents and stabilized NOI. With major capital items already addressed, this is a rare fully stabilized, low-maintenance asset built for long-term hold. Street parking only; no off-street parking on site.

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