3257 Harrison Blvd - Apartments FOR SALE


Ogden, UT 84403- TO Smith
$12,000,000 USD
509-793-5506
3257 Harrison Blvd, Ogden, UT for Sale
$12,000,000 USD
Apartments - FOR SALE
1/4
null | 4.66% Cap Rate

3257 Harrison Blvd
Ogden, UT 84403
TO Smith


OVERVIEW

Legend Commercial is pleased to present Harrison Pointe for sale – a remodeled, premier 52-unit multifamily community in South Ogden, Utah. Harrison Pointe has been stripped to the studs and completely rebuilt. All the electrical and plumbing was also replaced in 2019, making this property good as new. Located 40 minutes from downtown Salt Lake City, Ogden is a thriving community of its own. Harrison Pointe Apartments are just minutes from shopping, museums, movie theaters, and restaurants. This strategic location is in the heart of South Ogden and offers all the rewards and comforts for high-class living. The property currently offers a range of pet-friendly one-, two-, and three-bedroom floor plans ranging from 668 to 1,471 SF. Harrison Pointe is a trophy asset with an exceptional location, unsurpassed amenities, and beautiful finishes. Community amenities include a playground, extra storage space, covered parking, pet park, pavilions, and barbecue/picnic area. High quality interiors offer open and spacious floor plans with fully equipped kitchens, quartz countertops, faux wood vinyl flooring, balcony or patio, high ceilings, and full-size washer/dryer in each unit. Extra land on the rear of the property allow for the opportunity to build additional units. Preliminary drawings and discussions with the city allow for the construction of an additional 12 units. Along with the development potential, each unit is a condo providing extensive opportunities for a strategic exit plan. One can purchase the property and have numerous options open to them: sell condos off and collect the arbitrage, sell some of the buildings/condos to pay off debt, subdivide the additional land, or any combination of these options to best fit the buyer’s needs. While Harrison Pointe has the potential of being a good short-term investment, it is poised to be a great mid- to long-term investment with the recent renovations and opportunities to create value. Harrison Pointe will be creating cash-flow for the wise investor for many years to come

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

52

PRICE/UNIT

$230,769

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harrison Pointe

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

99

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

R-4

APN/PARCEL ID

05-171-0001,05-171-0002,05-171-0003,05-171-0004,05-171-0005,05-171-0006,05-171-0007,05-171-0008,05-171-0009,05-171-0010,05-171-0011,05-171-0012,05-171-0013,05-171-0014,05-171-0015,05-171-0016,05-171-0017,05-171-0018,05-171-0019,05-171-0020,05-171-0021,05-171-0022,05-171-0023,05-171-0024,05-171-0025,05-171-0026,05-171-0027,05-171-0028,05-171-0029,05-171-0030,05-171-0031,05-171-0032,05-171-0033,05-171-0034,05-171-0035,05-171-0036,05-171-0037,05-171-0038,05-171-0039,05-171-0040,05-171-0041,05-171-0042,05-171-0043,05-171-0044,05-171-0045,05-171-0046,05-171-0047,05-171-0048,05-171-0049,05-171-0050,05-171-0051,05-171-0052,05-171-0053

ASK ABOUT THIS PROPERTY

Derek KofoedNewmark Grubb ACRESMore Info
509-793-5506

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Derek KofoedNewmark Grubb ACRESMore Info
509-793-5506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.