7337 Louden Grv DrMagna, UT 84044

This exceptional Class A multifamily investment opportunity presents a 20-unit apartment building located at 7337 W Louden Grove Dr, Magna, UT 84044. Built in 2020, this three-story building boasts 19,720 square feet of net rentable space situated on a 0.14-acre lot (APN: 14-21-451-079). Currently operating at 100% occupancy, the property generates a strong NOI of $208,792, representing a 4.59% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $271,437 and a 5.97% cap rate, reflecting the potential for increased rental income. The asking price is $4,550,000, or $227,500 per unit. The property is zoned R-M, offering flexibility for future development. Its modern construction minimizes maintenance costs, while its location in the growing Magna area ensures strong rental demand and long-term appreciation potential. The current below-market rents provide a clear path to significant returns through rental increases. This stabilized investment offers a compelling combination of immediate income and substantial upside potential in a thriving Utah market.