7337 W Louden Grove Dr - Apartments FOR SALE


Magna, UT 84044
$4,550,000 USD
435-851-0951
7337 W Louden Grove Dr, Magna, UT for Sale
$4,550,000 USD
Apartments - FOR SALE
1/13
null | 4.59% Cap Rate

7337 W Louden Grove Dr
Magna, UT 84044


HIGHLIGHTS

  • Modern Construction: Built in 2020, minimizing maintenance and repair costs.
  • Undervalued Rents: Current rents are below market rates, offering room for increases and higher returns.
  • Growing Area: Magna’s increasing popularity and proximity to employment hubs boost rental demand.
  • Strong Rental Demand: The area’s growth trajectory suggests steady or rising occupancy rates.
  • Long-Term Appreciation: The combination of new construction and rental upside positions the property for future value growth.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,550,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

20

PRICE/UNIT

$227,500

CAP RATE

4.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Copperview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-M

APN/PARCEL ID

14-21-451-079-0000

ASK ABOUT THIS PROPERTY

Jake NielsonMountain West CommercialMore Info
435-851-0951

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Jake NielsonMountain West CommercialMore Info
435-851-0951

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.