7337 Louden Grv Dr Magna, UT 84044
- Apartment buildings
- 19,720 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 7337 Louden Grv Dr
- Year built
- 2020
- Lot size
- 0.14 lot acres
- Property size
- 19,720 SF
- Property type
- Apartment buildings
Description
This exceptional Class A multifamily investment opportunity presents a 20-unit apartment building located at 7337 W Louden Grove Dr, Magna, UT 84044. Built in 2020, this three-story building boasts 19,720 square feet of net rentable space situated on a 0.14-acre lot (APN: 14-21-451-079). Currently operating at 100% occupancy, the property generates a strong NOI of $208,792, representing a 4.59% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $271,437 and a 5.97% cap rate, reflecting the potential for increased rental income. The asking price is $4,550,000, or $227,500 per unit. The property is zoned R-M, offering flexibility for future development. Its modern construction minimizes maintenance costs, while its location in the growing Magna area ensures strong rental demand and long-term appreciation potential. The current below-market rents provide a clear path to significant returns through rental increases. This stabilized investment offers a compelling combination of immediate income and substantial upside potential in a thriving Utah market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Magna
- County
- Salt Lake
- State
- Utah
- Longitude
- -112.067
- Latitude
- 40.7133
