1130 S Cedar Knolls, Cedar City, UT 84720

$6,900,000
96
BD
48
BA
33,264
SqFt

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List Price
$6,900,000
Status
ACTIVE
Days on Market
344
Price Change
▼ $300,000 1784087914
MLS#
2106357
Style
Stories: 3
Year Built
2018
Bedrooms
96
Bathrooms
48
Living Area
33,264
Lot Size
75,358
Acres
1.73
MLS Area Major
Cedar Cty; Enoch; Pintura

Property Description

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!

Additional Information

Interior Features
Range/Oven: Free Stdng.
Taxes
$12,100
Property Description
Stories: 3
Zoning
Multi-Family
Flooring
Carpet, Laminate
Heating
Gas: Central
Roof
Asphalt
Parking Features
Parking: Uncovered
School District
Iron
Elementary School
None/Other
Middle School
None/Other
High School
None/Other

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Calculator source: Real Geeks

Listing courtesy of Stratum Real Estate Group PLLC (South Branch).