7337 W Louden Grove Dr - Apartments FOR SALE


Magna, UT 84044
$3,850,000 USD
435-851-0951
7337 W Louden Grove Dr, Magna, UT for Sale
$3,850,000 USD
Apartments - FOR SALE
1/12
null | 5.27% Cap Rate

7337 W Louden Grove Dr
Magna, UT 84044


HIGHLIGHTS

  • Modern "Turn-Key" Asset: Built in 2020, significantly reducing immediate capital expenditure (CAPEX) and maintenance costs.
  • Oversized Floor Plans: Units are 15-20% larger than the market average, providing a significant competitive advantage.
  • Smart-Home Integration: Equipped with a "Smart Home Package" including smart locks, doorbell cameras, and smart thermostats.
  • Proximity to Major Employment: Minutes away from the massive industrial and tech hubs of the Northwest Quadrant and the Inland Port.
  • Proven Market Resilience: Located in a submarket with 100-basis-point-plus vacancy declines in recent years, signaling upward pressure on rents.

OVERVIEW

Built in 2020, this 20-unit asset at 7337 W Louden Grove Drive offers a rare "turn-key" investment in the high-growth Salt Lake Valley. The property features a unit mix of 16 expansive 1-bed/1-bath units (902 sq ft) and 4 oversized 2-bed/1-bath units (1,322 sq ft), providing significantly more living space than the market average to attract great, long-term tenants. Situated just 15 minutes from Downtown SLC with immediate access to the Hwy 201 corridor, this low-maintenance building combines modern construction with the lifestyle amenities of the Colony Farms community, representing a premier opportunity for immediate cash flow and long-term appreciation in Utah’s strongest rental submarket.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

20

PRICE/UNIT

$192,500

CAP RATE

5.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

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 NielsonNewmark Mountain WestMore Info
435-851-0951

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Jake NielsonNewmark Mountain WestMore Info
435-851-0951

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