7337 W LOUDON DR Active Save Request In-Person Tour Request Virtual Tour
Magna,UT 84044
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 19,720 sqft
Price per Sqft $230
MLS Listing ID 2021214
Style Stories: 3
Bedrooms 24
Construction Status Blt./Standing
HOA Fees $2,730/ann
HOA Y/N Yes
Year Built 2020
Annual Tax Amount $32,020
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 0.0x0.0x0.0
Property 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.
Location
State UT
County Salt Lake
Area Magna; Taylrsvl; Wvc; Slc
Zoning Multi-Family
Interior
Flooring Carpet
Fireplace No
Laundry Electric Dryer Hookup
Exterior
Garage Spaces 8.0
Community Features Clubhouse
Amenities Available Fitness Center,Playground,Pool,Snow Removal
View Y/N No
Present Use Residential
Total Parking Spaces 8
Private Pool No
Building
Water Culinary
Structure Type Brick,Stucco
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Lake Ridge
Middle Schools Matheson
High Schools Cyprus
School District Granite
Others
Senior Community No
Tax ID 14-21-451-079
Monthly Total Fees $32,767