Copperview Apartments | 7337 W Louden Grove Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Copperview Apartments 7337 W Louden Grove Dr
20 Unit Block of Flats £3,564,015 (£178,201/Unit) 4.59% Net Initial Yield Magna, UT 84044
Investment Highlights
- Modern Construction: Built in 2020, minimizing maintenance and repair costs.
- Growing Area: Magna’s increasing popularity and proximity to employment hubs boost rental demand.
- Long-Term Appreciation: The combination of new construction and rental upside positions the property for future value growth.
- Undervalued Rents: Current rents are below market rates, offering room for increases and higher returns.
- Strong Rental Demand: The area’s growth trajectory suggests steady or rising occupancy rates.
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£254,729
|
£12.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£254,729
|
£12.92
|
| Taxes |
£25,081
|
£1.27
|
| Operating Expenses |
£66,100
|
£3.35
|
| Total Expenses |
£91,182
|
£4.62
|
| Net Operating Income |
£163,548
|
£8.29
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £254,729 |
| Annual Per SF | £12.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £254,729 |
| Annual Per SF | £12.92 |
| Taxes | |
|---|---|
| Annual | £25,081 |
| Annual Per SF | £1.27 |
| Operating Expenses | |
|---|---|
| Annual | £66,100 |
| Annual Per SF | £3.35 |
| Total Expenses | |
|---|---|
| Annual | £91,182 |
| Annual Per SF | £4.62 |
| Net Operating Income | |
|---|---|
| Annual | £163,548 |
| Annual Per SF | £8.29 |
Property Facts
| Price | £3,564,015 | Apartment Style | Low Rise |
| Price Per Unit | £178,201 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Net Initial Yield | 4.59% | Building Size | 19,720 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built | 2020 |
| Price | £3,564,015 |
| Price Per Unit | £178,201 |
| Sale Type | Investment |
| Net Initial Yield | 4.59% |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 19,720 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 2020 |
Unit Amenities
- Microwave
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Fitness Centre
- Playground
- Pool
- Tenant Controlled HVAC
- Lift
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 16 | £845.96 | 902 |
| 2+1 | 4 | £1,098 | 1,322 |
1 of 1
PROPERTY TAXES
| Parcel Number | 14-21-451-079-0000 | Total Assessment | £3,551,874 |
| Land Assessment | £96,189 | Annual Taxes | £25,081 (£1.27/sf) |
| Improvements Assessment | £3,455,685 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
14-21-451-079-0000
Land Assessment
£96,189
Improvements Assessment
£3,455,685
Total Assessment
£3,551,874
Annual Taxes
£25,081 (£1.27/sf)
Tax Year
2023
zoning
| Zoning Code | R-M |
| R-M |
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Copperview Apartments | 7337 W Louden Grove Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.