$7,400,000
Cedar City, UT 84720
MLS# 25-264208
33264 sqft
1 / 34
Property Description
Over 9% Cap Rate! Rare opportunity for an established 24 unit student apartment building in the middle of Cedar City! The property consists of two 12 plex apartment buildings that are each 3 stories tall, making up 96 bedrooms in total. Each apartment unit floor plan consists of 4 bed 2.5 bath with it's own kitchen, living room/dining area & laundry. Newly built in 2018, the apartment building and units are in great shape. As a student rental, the building has been receiving around $550 per month per private bedroom. The landlord is currently paying all of the utilities. Plenty of parking with 125 parking stalls. With being around 1 mile from the SUU campus, this building is ideal to be used as a student housing complex. SUU is projected to continue to grow. Don't delay, come see today!
Details
Maps
Contract Info
Original List Price: 7400000
Short Sale Status: No
Listing Date: 2025-08-20
General Prop Info
Realtor.com: Multi-Family
Lot Acres: 1.73
# of Buildings: 2
# Floors: 3
HOA Transfer Fee: No
Year Built: 2018
Number of Units: 24
Total SqFt: 33264
Location, Tax & Legal
Total Taxes: 12100.46
Tax Year: 2022
Elementary Schools: Out of Area
Intermediate Schools: Out of Area
Jr. High Schools: Out of Area
Sr. High Schools: Out of Area
List Price/SqFt: 222.46
Geo Lat: 37.658408
Geo Lon: -113.077621
List Price: $7,400,000
Current Price: $7,400,000
House Number: 1130
Street Direction Pfx: S
Street Name: Cedar Knolls
MLS Area: Outside Area
State/Province: UT
Postal Code: 84720
County: Iron
Tax ID: See Private Remarks
Construction
Other - See Remarks: 1
Separate Meters
Electric: 1
Gas: 1
Zoning
Multi-Family: 1
Terms of Sale
Cash: 1
Conventional: 1
Roof
Asphalt: 1
Heating
Gas FA: 1
Air Conditioning
Central Air: 1
Showing Instructions
Key Box: 1
Possession
Close Of Escrow: 1
Status Change Info
Status: Active
Property Features
Construction: Other - See Remarks
Separate Meters: Electric; Gas
Roof: Asphalt
Heating: Gas FA
Air Conditioning: Central Air
Showing Instructions: Key Box
Zoning: Multi-Family
Terms of Sale: Cash; Conventional
Possession: Close Of Escrow
Listing Office: Stratum Real Estate Group So Branch
Last Updated: December - 09 - 2025
Information deemed reliable but not guaranteed.