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1117 Country Hills Dr Dr , Ogden, UT 84403
$2,500,000
Est. Payment: $12,246.78/mo
17 Bed
9 Bath
9422 Sqft
Status: active | Days on site: 2
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

***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

Highlights

Listed by Vicente A Cantua , 801-869-8000 CBRE, Inc , 801-869-8000. Wasatch Front Multiple Listing Service

Property Type

Multi-Family

Lot/Acreage
0.75

Year Built

1978

County

Weber

Area

Ogdn; W Hvn; Ter; Rvrdl

School District

Ogden

Listing ID

2160595

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:17
  • Bathrooms:9
  • Full Bathrooms:

Exterior Features

Lot Dimensions:0.0x0.0x0.0
Garage Capacity:0
Zoning:Multi-Family
Others:Blt./Standing
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$12,247
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$550

Home Price

$2,500,000

Home Price

Loan Details

30 yrs
6.198%

Interest Rate

Loan Type

Down Payment

20%
$500,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,246.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,246.78 $549.58 $0.00 $12,796.37
Yearly $146,961.41 $6,595.00 $0.00 $153,556.41
Total $4,408,842.26 $197,850.00 $0.00 $4,606,692.26
Lender profile image
Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Ogden, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX service by Blueroof 360

Data last updated: 2026-06-27T06:27:53.000Z

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