7337 W LOUDON DR, Magna UT, 84044

Active

7337 W LOUDON DR

Magna UT, 84044

$4,550,000

$230.73 per sqft

Active

24 Beds

20 Baths

19,720 sqft

Residential

Built in 2020

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.

2021214

MLSⓇ ID

August 27, 2024

Listed

November 22, 2024

Updated

Map

7337 W LOUDON DR
Magna UT, 84044

Interior Features

Total Stories: 0
Bedrooms: 24
Total Bathrooms: 20
Laundry Description: Electric Dryer Hookup
Floor Description: Carpet
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.14 Acres
Architectual Style: Stories: 3

School Information

School District: Granite
High School: Cyprus
Elementary School: Lake Ridge

Other Property Details

Area Name: Magna; Taylrsvl; WVC; SLC
Taxes: $32,020
Tax Frequency: Annually
Days on Market: 69
Association Fee: $32,767
Association Fee Frequency: Yearly
Association Amenities: Fitness Center, Playground, Pool, Snow Removal
Garage: Yes
Garage Spaces: 8
Parking Total: 8
View: No
County: Salt Lake
Water Source: Culinary
Pool: No
Zoning: Multi-Family

Listing History

Date	Event	Price
10/4/2024	Price change	$4,550,000 -7%

Courtesy of Mountain West Commercial LLC

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10:21 PM UTC, 11/22/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information deemed reliable but not guaranteed and should be independently verified. Properties may or may not be listed by the office/agent presenting the information. 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. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sue Ann Wilkinson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.