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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.
| DAYS ON MARKET | 99 | LAST UPDATED | 10/4/2024 |
|---|---|---|---|
| YEAR BUILT | 2020 | COMMUNITY | Magna; Taylrsvl; WVC; SLC |
| GARAGE SPACES | 8.0 | COUNTY | Salt Lake |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Lake Ridge |
|---|---|
| Jr. High School | Matheson |
| High School | Cyprus |
| PRICE HISTORY | |
| Prior to Oct 4, '24 | $4,850,000 |
|---|---|
| Oct 4, '24 - Today | $4,550,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Magna; Taylrsvl; WVC; SLC |
| CONSTRUCTION | Brick, Stucco |
| GARAGE | Yes |
| HEAT | None |
| HOA DUES | 32767|Annually |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| STYLE | Stories: 3 |
| TAXES | 32020 |
| ZONING | R-M |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Mountain West Commercial LLC
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This IDX solution is (c) Diverse Solutions 2024.
