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    OFF-MARKET
    Residential income homes

    8335 Western Dr, Magna, UT 84044

    0.26 ac lot
    Property ID
    US86-1340978
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Lot 0.26 ac (11,326 SF)
    UPID US86-1340978
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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