For Sale

Listed by Bryce Anderson from Intermountain Properties

Source: Wasatch Front Regional MLS #1863594

2018 Madison Avenue, Ogden, UT, 84401

$565,000

5
3
8
1856 sq. ft.
8276.4 sq. ft.

Duplex

30+ days on the market

What's around 2018 Madison Avenue

About this property

2 HOMES, 1 LOT! 100% LEGAL DUPLEX that is 100% updated and turnkey. Total rental income is $3,845.00. This unique property has a 4 bed, 2 bath house (1,232 Sq. ft.) in the front and a 1 bed, 1 bath home (624 Sq. ft) in the back. Both homes are currently occupied with awesome reliable tenants paying $2,295 and $1,550 respectively for a total of $3,845.00. Both homes also have open concept kitchen/living rooms and were remodeled just a few months ago. Not just cosmetically, but for ultra-low maintenance for years to come - that means all new plumbing, updated electrical, newer roofs (approx. 5 yrs old), and a brand new high efficiency furnace and AC. The yard is also low maintenance with artificial turf and xeriscaping. Being a legal duplex this property has separate electric and gas meters, and an NCU certificate (nonconforming use) from Ogden city recognizing the property's use as a legal duplex, despite being located in a single family zoned neighborhood. And speaking of neighborhood, this particular street is exceptionally quiet as it is sandwiched between an elementary school and a cemetery, yet very close to all the perks downtown Ogden has to offer - good restaurants, breweries, coffee shops, "the Front" climbing gym, etc. Not to mention the close proximity to all the benefits of being in the mountains Ogden river, Ogden canyon, and multiple hiking/mountain biking trailheads. Renters love it here so you can expect stable, no-drama rental income for years to come. No seller financing available at this time but feel free to ask about other creative financing options, like financing a portion of the down payment. For buyers interested in occupying the property, sellers may be willing to negotiate tenants out of lease with purchase agreement, proof of funds, and other reassurance of buyer's ability to close. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

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