1130 S Cedar Knolls, Cedar City, UT 84720

$7,200,000
33,264
SqFt

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List Price
$7,200,000
Status
ACTIVE
MLS#
25-264208
Price Change
▼ $200,000 1774578777
Year Built
2018
Sq. Ft.
33,264
County
Iron
City
Cedar City
Region
Outside Area

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

Acres
1.73
Elementary School
Out Of Area
Middle School
Out Of Area
High School
Out Of Area
Cooling
Central Air

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Calculator source: Real Geeks

Listing courtesy of Stratum Real Estate Group So Branch.