8335 Western Dr Magna, UT 84044

Property Details for 8335 Western Dr

Lot size

0.26 lot acres

Property type

Residential income homes

Description

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.

Location Insight

City

Magna

County

Salt Lake

State

Utah

Longitude

-112.09040197034

Latitude

40.708610878872