$630,000

Property Details

Description

CASH FLOW POSITIVE FROM DAY 1! A true gem in the rough. This is an ACTIVELY cash-flowing triplex-style investor property generating $4,000/month gross with only 2 of 3 units rented, and immediate upside to add more by renting the 3rd which is ready. Whether you're an investor seeking day-one income or a buyer who wants tenants covering the mortgage while you live in one unit, opportunities like this in North Ogden are exceptionally hard to find. Each section is rented under separate agreements, yet the home retains full flexibility should you wish to make any changes for any reason (or no reason) once the property is yours. Renter Deposits are also Transferrable upon purchase. It was intentionally designed so a buyer could easily convert it back into a single unified residence. Reconnecting the sections simply involves reopening two previously existing interior walkways, a straightforward sheetrock, insulation, and paint job that could be completed quickly if desired. Beyond the numbers, this home has undergone an extensive, intentional, and high-quality renovation that goes far beyond cosmetic updates. Major interior areas have been fully renovated, including walls, flooring, paint, insulation, and finishes throughout the primary living spaces. The home features three brand-new bathrooms, two brand-new kitchens, and a third fully remodeled kitchen, all outfitted with new cabinetry, new flooring, and modern appliances, including multiple ovens, stoves, and microwaves. Approximately 450 square feet of additional enclosed, livable space was added, requiring new framing, utilities, and roofing, bringing the home's usable footprint to a level rarely found in comparable properties. The major systems have been substantially rebuilt. Approximately 80% of all wiring was replaced, and the electrical panel was fully upgraded with significantly increased capacity, triple the number of circuits, modern breakers, and improved load distribution to support the expanded layout, appliances, and multiple washer/dryer installations. The plumbing system was entirely redone, with new water lines and routing throughout. Heating and water infrastructure were comprehensively addressed, including a rebuilt furnace, cleaned and serviced ducting, drains, filters, and lines, and a new water heater, ensuring long-term reliability and efficiency. Exterior improvements were equally thorough: new siding, new doors, new windows for enhanced natural light, and a new skylight. Permitted walkways with double-door entries improve accessibility and layout flexibility, and the basement was thoughtfully rerouted to create additional dedicated storage. The outdoor areas have been meticulously refreshed, with trees and bushes trimmed, gutters power washed, and all debris hauled away. Landscaping upgrades include over 80 bags of bark, a fully reshaped and re-greened lawn, and over $5,000 invested in seed, sprinkler parts, and irrigation, including replacement of nearly every sprinkler head on the property. Homes with this level of renovation, optionality, and active income in North Ogden's most desirable neighborhood are a rare find. Must see!