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$364,897

For Sale - Active
1184 16th St Unit B, Ogden, UT 84404
3 Beds
3 Baths
2,414 Square Feet
0.08 Acres Lot
Built in 1968
For Sale - Active
1 Units
Checked: 7 hours ago
Updated: Aug 19, 2025 at 11:08AM

Investment Summary


Monthly Cash Flow
-$1,087
Cap Rate
2.1%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-11.0%

Property Description


0.08 Acres Lot
Built in 1968
For Sale - Active
1 Units

1yr buy down with preferred lender Intercap Lending. Beautiful Single-Level Rambler Condo in a Prime Location! This spacious 3-bedroom, 3-bathroom home offers 2,414 sq ft of comfortable living with a bright, functional layout and plenty of natural light. The upstairs features upgraded double-pane windows (less than 10 years old), and the open-concept living room is perfect for relaxing or entertaining. The kitchen includes all appliances, each under 7 years old, and flows seamlessly into the main living space. The fully finished basement provides extra room to gather, and the oversized 2-car garage offers generous storage. Step outside to the enclosed patio-ideal for quiet evenings or BBQs with friends. Located in a peaceful, well-maintained community just minutes from Ogden Canyon, Weber State University, Pineview Reservoir, three ski resorts, parks, shopping, and hiking trails. Square footage figures are provided as a courtesy estimate only and were obtained from tax data. Buyer is advised to obtain an independent measurement.

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Location


Property Details


Parking

  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 6

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Material: Asphalt

HOA

  • Has HOA: Yes
  • HOA Fee: $355/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 131340001
  • Lot Size: 3484 sqft

Property Information

  • Property Type: Condominium
  • Style: Rambler/Ranch
  • Year Built: 1968

Tax Information

  • Annual Tax: $2,139

Utilities

  • Heating: Central, Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Weber

Listing Details


Listed by:
Keith Pluta
Ascent Real Estate Group LLC
(801) 784-8511

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2093530
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,087
Cap Rate
2.1%
Cash-on-Cash Return
-15.5%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-11.0%

Purchase Details

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Purchase price:
$364,897
Amount financed:
-$291,918
Down payment:
$72,979
Closing costs:
$10,947
Rehab costs:
$0
Initial cash invested:
$83,926
Square feet:
2,414
Cost per square foot:
$151
Monthly rent per square foot:
$0.70

Financing Details

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Loan amount:
$291,918
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,727
Property tax:
$178
Insurance:
$119
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,024

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,700 $20,400
Vacancy loss: (6%)
6% -$102 -$1,224
Operating income:
$1,598 $19,176

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$178-$2,139
Insurance: (7%)
7%-$119-$1,428
Property management: (8%)
8%-$136-$1,632
Repairs & maintenance: (5%)
5%-$85-$1,020
Capital expenditures: (5%)
5%-$85-$1,020
HOA fees: (21%)
21%-$355-$4,260
Total operating expenses: (56%)
56%-$958-$11,499

Cash Flow


Monthly Yearly
Net operating income:
$640 $7,680
Mortgage payments:
-$1,727 -$20,724
Cash flow:
$1,087 $13,044