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Cedar City,UT 84720
Key Details
Property Type Multi-Family
Sub Type Multi-Unit
Listing Status Active
Purchase Type For Sale
Square Footage 18,618 sqft
Price per Sqft $252
Subdivision Cedar City
MLS Listing ID 108779
Construction Status Existing
Originating Board Iron County Board of REALTORS®
Year Built 2018
Annual Tax Amount $6,297
Lot Size 0.427 Acres
Acres 0.44
Property Description
Great Investment property! New (built in 2018) and stabilized Student apartment building. This Building has (60 beds and 60 bath's) 10 bedrooms and 10 bathrooms in each unit. Each bedroom has it's own private bathroom. There are 2 washers and 2 dryers per unit. There are 2 fridges in each kitchen. There are 2 ac's and 2 furnaces per unit. These units are very clean and in great condition, they have been very well maintained and carpets professionally cleaned every year. It also has a brand new roof (roof damage from a storm, warranty replaced). Property is very close to SUU. In 2023 this property appraised for $5,230,000, this is a great deal and offered at a 6% Cap rate. SUU continues to grow, https://www.suu.edu/news/2024/08/business-building-groundbreaking-ceremony.html
Location
State UT
County Iron
Community Cedar City
Direction Turn on 800 West from 200 North, located on the corner of Harding Avenue and 800 West. Very close to SUU (1 block away)
Interior
Heating Forced Air,Gas
Laundry Yes
Exterior
Utilities Available Electric Separate,Gas Separate,Other,Culinary, City,Electricity Available,Natural Gas Available,Sewer Connected
Building
Structure Type 3 Story,Frame,Stucco
New Construction No
Construction Status Existing
Others
Senior Community No
Tax ID B-0118-0000-0000