1117 COUNTRY HILLS DR, Ogden, UT 84403
17BD/—BA Residential in Ogden, UT 84403. 9,422 sqft. Built 1978. Listed at $2,500,000. MLS #2160595.
1 / 24
Investor Special
Near Lake
Investor Special
17
Bedrooms
9
Bathrooms
9,422
Sq Ft
1978
Year Built
2
Days on Market
About This Property
***SELLER FINANCING*** - Seller financing at 5% fixed for 11 years & only 8% down to close Country Hills Apartments is a fully stabilized nine-unit multifamily asset located at 1117 Country Hills Drive in Ogden, Utah, offered with a documented pathway to expand to 18 or 23 total units on site. Originally converted from office use in 2023, all interiors are fully upgraded and all nine units are currently leased. Current rents are below market. Interior finishes are in upgraded condition, and the discount reflects the exterior's unfinished state rather than unit quality. A buyer can raise rents by investing in exterior improvements prior to construction, or bundle those upgrades with the expansion and execute both simultaneously. The property is zoned R-4 and sits on approximately 0.75 acres. Ogden City has previously granted full approval for a nine-unit, two-story expansion to 18 total units based solely on the main parcel, requiring no third-party cooperation. A second adjacent parcel, currently held in part by two neighboring HOAs, would unlock a third-floor expansion to 23 total units if consolidated. Architectural and engineering drawings for the full 23-unit configuration are complete and have received prior city approval, reducing both cost and timeline risk for a buyer pursuing that path. In anticipation of the expansion, the sellers upgraded the existing building's water line and fire suppression system to support the new structure, creating direct cost savings for a future developer. Investment highlights - Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside - Approved by-right expansion to 18 units with no third-party cooperation required - Full entitlement pathway to 23 units with completed architectural and engineering drawings - Seller financing at 5% fixed for 11 years & only 8% down to close - Rent upside available through exterior improvements without waiting on expansion - Infrastructure already upgraded to support new construction, reducing future development costs - Adjacent to Intermountain McKay-Dee Hospital, one of Utah's top-ranked regional employers
Property Info
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
County
Weber
Zoning
Multi-Family
Lot Size
0.75 sq ft
Condition
Blt./Standing
MLS #
2160595
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
County
Weber
Zoning
Multi-Family
Lot Size
0.75 sq ft
Condition
Blt./Standing
MLS #
2160595
Financial
List Price
$2,500,000
Annual Taxes
$6,595
Home Warranty
No
List Price
$2,500,000
Annual Taxes
$6,595
Home Warranty
No
Mortgage Calculator~$13,724/mo
Parking
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Lifestyle
Flood Zone
Moderate Risk
Zone: X
Classification: 0.2% Annual Chance Flood Hazard
Insurance: Not required
Deal Analysis
Why this is a deal
Hot Market80
Classification
Standard
Deal Score
80/100
vs Market Median
144% above
Area Growth (YoY)
9.2%
Deal Score Breakdown
80/100 · 1 qualifying signal
Deal Score Breakdown
80/100 · 1 qualifying signal
Hot Market
80 / 100Dominant
9.2% year-over-year ZHVI growth in this area
Below Market Median
10 / 100Priced 144% above the per-subtype city median
Pays for Itself
0 / 100STR net cashflow -$9,705/mo (-59.1% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Motivated Seller
0 / 100No price reduction from original list
Below Similar Homes
— / 100Not enough comparable listings
Best signal80
Multi-signal bonus+0
Composite80/100
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
- •9.2% year-over-year market appreciation
Investment Potential
Short-Term Rental
Low potential
Est. Annual Revenue
$115,323/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$9,705 /mo (−$116,461/yr)
Net Monthly Cash Flow
−$9,705 /mo (−$116,461/yr)
Monthly STR income
Gross revenue$9,610
Management (−13%)−$1,249
Cleaning (−8%)−$769
Platform fee (−5%)−$481
Supplies (−2%)−$192
STR-specific wear (−2%)−$192
Net STR income$6,727
Monthly ownership cost
Mortgage (P&I)−$12,549
Property Tax−$550
Insurance (est.)−$1,250
Maintenance (est. 1%)−$2,083
Total−$16,432
Net monthly cash flow−$9,705
Estimate by sqft$85,965
Estimate by bedroom$179,186
Blended: weighted geometric mean
Coverage
59%
Net /mo
−$9,705
DSCR
0.54
Recreation NearbyScore: 76/100
Amenities NearbyScore: 70/100
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
Utah Telecommunication Open Infrastructure AgencyFiber
10 Gbps10 Gbps
Quantum FiberFiber
8 Gbps8 Gbps
SenaWaveFiber
2.5 Gbps2.5 Gbps
XfinityCable
2 Gbps250 Mbps
VerizonFixed Wireless
300 Mbps20 Mbps
StarlinkSatellite
280 Mbps30 Mbps
CenturyLinkDSL
140 Mbps20 Mbps
HughesNetSatellite
100 Mbps5 Mbps
Viasat IncSatellite
100 Mbps3 Mbps
Optic LoopFixed Wireless
50 Mbps5 Mbps
Rise BroadbandFixed Wireless
50 Mbps10 Mbps
Utah BroadbandFixed Wireless
50 Mbps10 Mbps
AT&TFixed Wireless
25 Mbps3 Mbps
T-MobileFixed Wireless
25 Mbps3 Mbps
Area Median
$385,000
+549% vs median
Avg Days on Market
54 days
Active Listings
339
Price Range
$180,000 – $2,800,000
Annual Taxes
$6,595
1.0/ 10
High Crime
Violent Crime
19.2
per 1,000
Property Crime
36.9
per 1,000
Society Crime
23.6
per 1,000
Total Crime
79.7
per 1,000
Ogden compared to:
vs State Average
+71.7%(46.4 per 1K statewide)
vs Weber Avg
+56.0%(51.1 per 1K countywide)
vs National Average (FBI UCR 2024)
Violent Crime
Ogden: 19.2 per 1KAbove national
National: 3.6 per 1K
Property Crime
Ogden: 36.9 per 1KAbove national
National: 17.6 per 1K
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
Population: 87,258Report Year: 2024Source: BCI NIBRS · FBI UCR 2024
VA
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Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results
LPT REALTY, LLC
24 yrs experience
Bluffdale, Cottonwood Heights
13 buyer sales nearby
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Devin Tanner - Utah Realtor
Real Estate Essentials
7 yrs experience
West Jordan, St. George
4 buyer sales nearby
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Utah Real Estate PC
5 yrs experience
Salt Lake City, Sandy
1 buyer sales nearby
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