Commercial $ 7,400,000

1130 S Cedar Knolls

Cedar City, UT 84720

  • 33,264 SqFt
  • 1.73 Lot Size
  • 2018 Year Built
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!
Listed by Stratum Real Estate Group So Branch

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Other - See Remarks

    Listing Status Active

    Purchase Type For Sale

    Square Footage 33, 264 sqft

    Price per Sqft $222

    MLS Listing ID 25-264210

    Year Built 2018

    Annual Tax Amount $12,750

    Lot Size 1.730 Acres

    Acres 1.73

    Property Sub-Type Other - See Remarks

    Source Washington County Board of REALTORS®

    Land Area 33264

  • Location

    State UT

    County Iron

    Area Outside Area

    Zoning Commercial

  • Building

    Story 3

    New Construction No

  • Exterior

    View Y/N No

  • Others

    Senior Community No

    Tax ID B-1135-0028-0002

    Virtual Tour https://my.matterport.com/show/?m=9Q6KgVdavcH

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CONTACT

Jesse Carter

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