Ogden, UT 84404,931 E 1225 N
Ogden, UT 84404,931 E 1225 N
Ogden, UT 84404,931 E 1225 N
Ogden, UT 84404,931 E 1225 N
Ogden, UT 84404,931 E 1225 N
Ogden, UT 84404,931 E 1225 N
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$900,000

Est.Price: ?

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Est. payment /mo

0.31 Acres Lot


SOLD DATE : 08/03/2022

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Subdivision Meadowlark Meadows S

MLS Listing ID 1820525

Sold Date 08/03/22

Construction Status Blt./Standing

HOA Y/N No

Year Built 1994

Annual Tax Amount $2,780

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Hotel/Motel

Property Description

This is a once-in-a-lifetime deal! It is currently permitted and operating as a short-term rental (vacation rental) with a mid-term booking all the way through August at $12,400 a month. Everything needed to rent this property is included. At $900k this is a 10.7% cap rate turn-key investment. Recently remodeled, there are no improvements that have to be made to make this property a cash flow machine. You won't find a better deal on the MLS. This is a one-story living that would work great for converting it into a group home or senior living facility with very little effort if desired. Every bedroom has a 3/4 bath and one bedroom is a full studio apartment (with a full kitchen) that can be used for management, office, or just a higher value rental. Could also easily convert the studio into a 3 bedroom apartment and rent the property as a permit-able duplex. Please don't disturb the guests at the property. No showings until after an accepted offer. Proof of funds necessary on all offers. Please see attached documents for P&L. The selling agent is related to the seller. Square footage is based on county records. Buyer to verify all information. A recent residential appraisal came in at $875,000. A two-year-old commercial appraisal came in at $1.2 Million. Current use qualifies it for commercial use. Virtual Walk-Through: https://my.matterport.com/show/?m=uspQZGi2J1x

Location

State UT

County Weber

Area Ogdn; Farrw; Hrsvl; Pln Cty.

Interior

Fireplace false

Exterior

View Y/N No

Present Use Commercial

Private Pool false

Building

Faces North

New Construction No

Construction Status Blt./Standing

Others

Senior Community No

Tax ID 11-195-0020

Ownership Agent Owned

Horse Property No

Financing Cash

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Listed by Conrad Cruz Real Estate Services, LLC
Bought with Conrad Cruz Real Estate Services, LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 661-7161

rdeadman@deadmanrealty.com

Salt Lake City, UT, 84111, USA

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