$4,550,000
Beds:
24
Sqft:
19,720
Sqft lot:
6,098
Acre lot:
0.14
79 Days On Market -
Courtesy of Jacob S Nielson, Mountain West Commercial LLC 801-456-8800
Status:
Active
Property Type:
> 4 Units
Year Built:
2020
Days On Website:
79
Description
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.
Features
Building
- Architectural Style: Stories: 3
- Building Area Total: 19720
- Construction Materials: Brick,Stucco
- Living Area: 19720
- Living Area Units: Square Feet
- Year Built: 2020
Home Owner's Association
- Association Amenities: Fitness Center,Playground,Pool,Snow Removal
- Association Fee: 32767
- Association Fee Frequency: Annually
- Association YN: t
Bathrooms
- Bathrooms Total Integer: 20
Bedrooms
- Bedrooms Total: 24
Location
- City: Magna
- Country: US
- County Or Parish: Salt Lake
- Cross Street: 2500
- MLS Area Major: Magna; Taylrsvl; WVC; SLC
- Postal City: Magna
- Postal Code: 84044
- State Or Province: UT
- Street Dir Prefix: W
- Street Name: LOUDON
- Street Number: 7337
- Street Number Numeric: 7337
- Street Suffix: DR
- Unparsed Address: 7337 W LOUDON DR
Community
- Community Features: Clubhouse
Garage
- Covered Spaces: 8
- Garage Spaces: 8
- Garage YN: t
Property
- Current Use: Residential
- Parcel Number: 14-21-451-079
- Property Condition: Blt./Standing
- Property Sub Type: > 4 Units
- Property Type: Residential
Schools
- Elementary School: Lake Ridge
- Elementary School District: Granite
- High School: Cyprus
- High School District: Granite
- Middle Or Junior School: Matheson
- Middle Or Junior School District: Granite
Floors
- Flooring: Carpet
Laundry
- Laundry Features: Electric Dryer Hookup
Listing
- Listing Id: 2021214
- List Price: 4550000
- Mls Status: Active
- Number Of Units Total: 20
- Standard Status: Active
Lot
- Lot Size Acres: 0.14
- Lot Size Area: 0.14
- Lot Size Dimensions: 0.0x0.0x0.0
- Lot Size Square Feet: 6098
- Lot Size Units: Acres
Parking
- Parking Total: 8
Taxes
- Tax Annual Amount: 32020
Water Features
- Water Source: Culinary
Property Map
Map View
$4,550,000 - 7337 W Loudon Dr, Magna, UT 84044
Street View
Directions
7337 W Loudon Dr
Magna, UT 84044
City: Magna
Nearby Schools
Local Sales
Danny Kettle
dannykettle@yahoo.com
