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.
Property Details
Property Features
Property Information:
Architectural Style: Stories: 3
Year Built: 2020
Stories: 0
Living Area: 19,720 SqFt
Listing Office:
Office Name: Mountain West Commercial LLC
Office Phone: (801) 456-8800
Listing Agent: Jacob S Nielson
Interior Features
Interior Information:
Flooring Type: Carpet
Bedroom and Bathroom Information:
Total Bedroom Count: 24
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 8 spaces
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $4,550,000
Price Per SqFt: $231/SqFt
HOA Fees:
Amount: $32767
Frequency: Annually
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Housing Market Comparison
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/17/2024, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Lake Ridge Elementary School
7400 W 3400 S
Distance between this listing and this school0.58 miles
Public District Grades KG-6
4
/10
Pleasant Green Elementary School
8201 W 2700 S
Distance between this listing and this school0.58 miles
Public District Grades PK-6
3
/10
Magna Elementary School
8500 W 3100 S
Distance between this listing and this school0.89 miles
Public District Grades KG-6
Nearby Schools
1
/10
Matheson Junior High School
3650 S Montclair St
Distance between this listing and this school0.71 miles
Public District Grades 7-8
3
/10
Entheos Academy Magna
2606 S 7200 W
Distance between this listing and this school0.93 miles
Public Charter Grades KG-9
3
/10
Hunter Junior High School
6131 W 3785 S
Distance between this listing and this school2.35 miles
Public District Grades 7-8
Nearby Schools
2
/10
Cyprus High School
8623 W 3000 S
Distance between this listing and this school1.06 miles
Public District Grades 9-12
3
/10
Ascent Academies of Utah - West Valley
5685 W Cilma Dr
Distance between this listing and this school2.91 miles
Public Charter Grades KG-12
3
/10
Hunter High School
4200 S 5600 W
Distance between this listing and this school3.21 miles
The neighbors living near this home have an average income of $81,458. Residents of Magna, UT typically earn between $35k-100k each year. Most families are married, with kids. Residents of this area typically have high school diploma education.
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This home is located at 7337 W Loudon Dr in Magna, UT and zip code 84044 in the Shadow Run Estates neighborhood. This 19,720 square foot home, which was built in 2020, sits on a 0.14 acre lot. Features: 24 bedrooms, 20 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $4,550,000.
The number of listings in Magna, UT increased by 17.6% between October 2024 and November 2024. In November 2024 median list price was $454,050 and the average listing age was 65 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from UtahRealEstate.com 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 should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2024 UtahRealEstate.com All rights reserved. 
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