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$3,699,000
Est. payment /mo
18,618 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,618 sqft
Price per Sqft $198
MLS Listing ID 25-265854
Year Built 2018
Annual Tax Amount $8,958
Lot Size 0.440 Acres
Acres 0.44
Source Washington County Board of REALTORS®
Land Area 18618
Property Description
Investment Opportunity - 60-Bedroom Student Housing Complex Near SUU. Just one block from Southern Utah University, this exceptional 60-bed, 60-bath apartment complex is perfectly positioned for student housing success. The property features 10 spacious living spaces, each offering 6 private bedrooms and 6 private bathrooms, designed for optimal privacy and comfort. Every unit is equipped with 2 full kitchens featuring dual refrigerators, 2 washers & 2 dryers & thoughtfully planned layouts to accommodate multiple tenants with ease. The proximity to campus makes this an incredibly desirable & convenient option for students—ensuring strong rental demand and minimal vacancy rates year-round.
This is a rare opportunity to own a high-performing investment property in one of Cedar City's ... most sought-after rental locations. Whether you're expanding your portfolio or entering the student housing market, this property offers both immediate income potential and long-term appreciation in a thriving university town. Whether you're expanding your portfolio or entering the student housing market, this property offers both immediate income potential and long-term appreciation in a thriving university town.
University Lofts Building A, building B is a separate owner and can be purchased separately. All easement documents in place and recorded.
This is a rare opportunity to own a high-performing investment property in one of Cedar City's ... most sought-after rental locations. Whether you're expanding your portfolio or entering the student housing market, this property offers both immediate income potential and long-term appreciation in a thriving university town. Whether you're expanding your portfolio or entering the student housing market, this property offers both immediate income potential and long-term appreciation in a thriving university town.
University Lofts Building A, building B is a separate owner and can be purchased separately. All easement documents in place and recorded.
Location
State UT
County Iron
Area Outside Area
Zoning Multi-Family
Interior
Heating Gas FA
Cooling Central Air
Exterior
View Y/N No
Roof Type Asphalt
Building
Story 3
New Construction No
Schools
School District Out Of Area
Others
Senior Community No
Tax ID B-0118-0000-0000
Acceptable Financing Conventional, Cash, 1031 Exchange, Exchange
Listing Terms Conventional, Cash, 1031 Exchange, Exchange
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Listed by ERA Realty Center
Nearby Locations
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