7337 West Loudon Drive Magna, UT 84044

$4,550,000
24
Beds
20
Baths
0.14
Acres
19,720
SQFT
231
$/SQFT
$4,550,000
24
Beds
20
Baths
19,720   sf
$231 / sf
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Investing in a 20-unit apartment building in Magna, Utah, presents a unique opportunity for substantial returns. With its modern construction, built in 2020, the property offers reduced maintenance costs and contemporary amenities, attracting quality tenants. Rents are currently below market rates, providing significant upside potential as they adjust to align with local market conditions. Magna's growing popularity and its proximity to major employment centers enhance the building's appeal, promising a strong rental demand and long-term value appreciation.

Investing in a 20-unit apartment building in Magna, Utah, presents a unique opportunity for substantial returns. With its modern construction, built in 2020, the property offers reduced maintenance costs and contemporary amenities, attracting quality tenants. Rents are currently below market rates, providing significant upside potential as they adjust to align with local market conditions. Magna's growing popularity and its proximity to major employment centers enhance the building's appeal, promising a strong rental demand and long-term value appreciation.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Salt Lake
  • Area
    Magna; Taylrsvl; WVC; SLC
  • HOA Dues
    $32,767/mo
  • Tax Amount
    $32,020
  • Status
    Active
  • Listing #
    2021214
  • Built
    2020
  • Lot Size
    0.14
  • Listed on site
    43 days
  • Acres Range
    0.14

Listed by:

Source:
Utah Real Estate

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Property details

Community Features

  • Community Pool
  • Has HOA
  • Community Playground

Exterior features

  • Has garage
  • No Pool
  • Parking - RV / Boat
  • Parking

Interior Features

  • Carpet Floors

Property History

DateDays AgoEventNew Price
Oct 4, 202414 days agoPrice decreased300,000 (6%)$4,550,000
Sep 4, 20241 mo agoNew on market$4,850,000
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