3157 S ELMER, Magna, UT 84044

• 5 beds |
• 2 baths |
• 2,188 sqft

Property Description

Exceptional investment opportunity featuring three fully remodeled homes on the same street, offering strong cash flow with 8% cap rate and annual net income of $128,668. Each property has been completely updated with new plumbing and electrical, providing peace of mind for years to come. All three homes include fully functional mother-in-law apartments with separate basement entrances, making them ideal for maximizing rental income or multi-generational living. Every unit is thoughtfully designed with kitchens both upstairs and downstairs, along with in-unit washer and dryer setups on each level, creating convenience and flexibility for tenants. All units are currently rented, offering immediate income, with the option to deliver vacant if desired. Offered at $1,600,000 for all three properties, this is a rare turnkey investment with strong returns and modern upgrades throughout. Each unit can be delivered vacant. MLS numbers 2147306, 2147305, 2147307

Listing Status:

Pending

Date Added:

March 24, 2026

Data Last Updated:

May 12, 2026 at 12:41PM

Listing Office:

Coldwell Banker Realty (Union Heights) : 801-567-4000

Listing Agent:

Rick Bentley : 801-557-0218

MLS ID:

2147306

Interior

• General: Basement ApartmentMother-in-Law Apt.
• Appliances: DryerMicrowaveRange HoodRefrigeratorWasher
• Laundry: Electric Dryer Hookup
• Basement: EntranceFullWalk-Out Access
• Flooring: CarpetTile
• A/C: Central Air
• Heating: Forced AirGas: Central

Exterior

• General: Awning(s)Out BuildingsLighting
• Style: Bungalow/Cottage
• Parking: CoveredRv ParkingParking spaces: 6

Construction

• Roofing: Asphalt
• Windows: BlindsFull
• General: Blt./Standing

Location

• Originating MLS: UtahRealEstate.com
• School District: Granite
• County: Salt Lake

Lot

• Topography: Fenced: FullSecluded YardTerrainFlat
• Landscaping: Landscaping: FullMature Trees
• Zoning: Single-Family14-28-302-005
• Current Use: Single Family

Utilities

• Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected
• Water: Culinary
• Sewer: Sewer: ConnectedSewer: Public

Financial

• Source: UtahRealEstate.com