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Ogden, UT 84401 650 24TH ST

650 24TH ST Ogden, UT - Image 1650 24TH ST Ogden, UT - Image 2650 24TH ST Ogden, UT - Image 3
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650 24TH ST Ogden, UT - Image 4650 24TH ST Ogden, UT - Image 5
Presented By: Pathway Properties, LLC - 385-423-8589
  • MLS# 2070883
  • 03/17/2025
  • Request Tour
  • Request Info
  • Beds • 2
  • Baths • 8
  • SQFT • 4,510

Home Details

This exceptional investment opportunity presents the chance to acquire a property of 8 units, constructed in 1920 situated in the highly sought-after Ogden area. This building is located in a prime central Ogden location, providing convenient access to essential amenities and local attractions. The property consists of six studios, two 1BD/1BA units. The current owners have proactively maintained the property, with numerous improvements completed in recent years. These include: A new roof in 2023, along with all new windows in 2024. Six of the units have been partially renovated. Even with 6 of the 8 units partially renovated within the past 1-5 years, there is still tremendous opportunity to enhance the property value further. Additionally, 3 units are currently on month-to-month leases, making it easy to bring rents up to market rate quickly. In 2024, the average vacancy rate for this property was 19.1%, significantly higher than the Ogden area's average of 5.6% (according to Yardi Matrix). By reducing vacancy to 7% while maintaining current expenses, the portfolio could achieve a 6.59% cap rate at the asking price. Additionally, with market rents in place, the property has the potential for a 8.09% cap rate. VALUE-ADD OPPORTUNITIES: Rental Rate Growth: Current rental rates are below market averages, with the potential to increase rents significantly. By getting the vacancy rate closer to market, updating the remaining units, introducing storage units, and implementing tenant amenities, this property presents substantial
Presented By: Pathway Properties, LLC - 385-423-8589

Interior Features for 650 24TH ST

Bedrooms

Total Bedrooms2

Bathrooms

1/2 Baths0
Total Baths8

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NNo

General for 650 24TH ST

Architectural StyleStories: 2
Attached Garage No
Carport Y/NNo
CityOgden
CountyWeber
Current UseResidential
Elementary SchoolNone/Other
Garage Y/NNo
HOANo
High SchoolNone/Other
Home Warranty Y/NNo
Lease Considered Y/NNo
Living Area UnitsSquare Feet
Lot Size Square Feet5227.2
Lot Size UnitsAcres
MLS AreaOgdn; W Hvn; Ter; Rvrdl
Middle/Junior High SchoolNone/Other
Mobile Length
Mobile Width0
ModificationTimestamp2025-03-17T22:32:06Z
New ConstructionNo
Number Of Units Total8
PostalCityOgden
Property Attached Y/NNo
Property ConditionBlt./Standing
Property Subtype> 4 Units
Property TypeResidential
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories0
Tax Annual Amount3599.0
Total Rooms0
Virtual TourClick here
Waterfront Y/NNo
Year Built1920

Exterior for 650 24TH ST

Building Area Total4510.0
Covered Spaces
Frontage Length0.0
Horse Y/NNo
Lot Dimensions0.0x0.0x0.0
Lot Size Acres0.12
Lot Size Area0.12
Open Parking Y/NNo
Private PoolNo
RV Parking Dimensions0.00
SpaNo
Total Parking0

Additional Details

Price History

Schools

High School None/Other High School
Elementary School None/Other Elementary School
Middle School None/Other Middle School

Jesus Yerena Delgado

Agent
Price $975,000
MLS#2070883
List Date 03/17/2025
Property Type Multi-Family
Phone 801.915.1385
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Request Info
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