Multi-Family $ 7,400,000

1130 S CEDAR KNOLLS

Cedar City, UT 84720

  • 96 Beds
  • 48 Baths
  • 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 PLLC (South Branch)

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type > 4 Units

    Listing Status Active

    Purchase Type For Sale

    Square Footage 33, 264 sqft

    Price per Sqft $222

    MLS Listing ID 2106357

    Style Stories: 3

    Bedrooms 96

    Construction Status Blt./Standing

    HOA Y/N No

    Year Built 2018

    Annual Tax Amount $121,004

    Lot Size 1.730 Acres

    Acres 1.73

    Lot Dimensions 0.0x0.0x0.0

    Property Sub-Type > 4 Units

  • Location

    State UT

    County Iron

    Area Cedar Cty; Enoch; Pintura

    Zoning Multi-Family

  • Building

    Lot Description Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Mountain

    Sewer Sewer: Connected

    Water Culinary

    New Construction No

    Construction Status Blt./Standing

  • Interior

    Interior Features Range/Oven: Free Stdng.

    Heating Gas: Central

    Flooring Carpet, Laminate

    Inclusions Dishwasher: Portable, Dryer, Freezer, Microwave, Range, Refrigerator, Washer, Window Coverings

    Equipment Window Coverings

    Fireplace No

    Window Features Blinds

  • Exterior

    Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

    View Y/N Yes

    View Mountain(s)

    Roof Type Asphalt

    Present Use Residential

    Topography Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Terrain, Flat, View: Mountain

    Total Parking Spaces 125

    Private Pool No

  • Schools

    Elementary Schools None/Other

    Middle Schools None/Other

    High Schools None/Other

    School District Iron

  • Others

    Senior Community No

    Tax ID D-1024-0010-0006

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

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

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CONTACT

Jesse Carter

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