825 40TH ST
SOUTH OGDEN, UT 84403

WOW, $20k price reduction! Legal duplex - new inside and out! All brick! Located in the vibrant 40th Street District of South Ogden, McKay-Dee Hospital is only 3 blocks away, Smith's Grocery store is 4 blocks away, and Weber State University is an 11-minute walk. Completely remodeled from top to bottom, inside and out. Main floor could be owner-occupied and basement rented to supplement income. New items include: kitchen, roof, water heaters, furnace, electric service & meters, gas meter, plumbing, electric, doors, moldings, flooring, interior & exterior paint, windows, blinds, appliances, landscaping, and fence. Both units include: quartz countertops, high-end stainless steel appliances, LVT flooring, stack washer and dryer, and insulated sound-proofing windows. Main floor unit includes an oversized 2-car garage, fully fenced backyard, covered deck, and gas fireplace. Market rent for main floor is $1,995 and basement is $1,675, for total monthly rent of $3,670. Monthly expenses estimated at $835 (taxes $226, utilities $124, insurance $102, lawncare/snow $140), leaving a net income of $2,910. If self-managed, that gives a very attractive cap rate near 6%, or if using Gross Rent Multiplier method, that gives a very competitive GRM of 163. Currently vacant and easy to show. Owner/Agent.

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