8335 Western Dr, Magna, UT 84044
This exceptional Magna, Utah property presents a unique blend of historic charm and modern updates. Originally the Overseer's house for the Garfield Mine, this meticulously restored approximately 3,413 square foot home boasts two units, offering significant investment potential. The main level features restored hardwood floors, a remodeled kitchen with stainless steel appliances and granite countertops, a large bathroom with a rain shower head, spacious rooms, a formal dining room, and a 30' x 8' sunroom. The lower level includes three large bedrooms, a newly renovated bathroom, a spacious living area, and a huge storage room. Outdoor amenities include large fenced yards with mature trees, a private backyard, garden space, and two single-car garages. Shared spaces encompass the yards, driveway, garden area, and laundry facilities. The property sits on a 0.26-acre lot, offering the possibility of adding a third unit or an Accessory Dwelling Unit (ADU) to further increase value and rental income. Currently generating an approximate 7.5% cap rate, this property offers easy commuting access to the 201, U-111, and Mountain View Corridor, and is conveniently located near schools, restaurants, and shopping. Recently valued at over $625,000, this property is listed at $569,000. Built in 1924, the property offers a compelling investment opportunity with strong potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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