7337 W Loudon Dr Magna, UT 84044
Listing Courtesy of: UTAH REAL ESTATE / Mountain West Commercial LLC

  7337 W Loudon Dr Magna, UT 84044

Active (41 Days)
$4,550,000
24
BED
20
BATH
19,720
SQFT

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.

MLS #:
2021214
Taxes
$32,020
Lot Size
6,098 SQFT
Type
Single-Family Home
Year Built
2020
Views
False
School District
Granite
County
Salt Lake County

Listed By

Jacob S Nielson, Mountain West Commercial LLC
Source
UTAH REAL ESTATE
Last checked Oct 15 2024 at 2:12 AM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Electric Dryer Hookup
Homeowners Association Information
  • Dues: $32767/Annually
Flooring
  • Carpet
School Information
  • Elementary School: Lake Ridge
  • Middle School: Matheson
  • High School: Cyprus
Garage
  • Garage
Stories
  • 0
Living Area
  • 19,720 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Oct 04, 2024
Price Changed
$4,550,000
-6%
-300,000
Aug 27, 2024
Original Price
$4,850,000
-
-
Disclaimer: Copyright 2024 Utah Real Estate MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being 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. Data last updated 10/14/24 19:12