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$3,799,990
Est. payment /mo
11,920 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 11,920 sqft
Price per Sqft $318
MLS Listing ID 25-265858
Year Built 2018
Annual Tax Amount $5,719
Lot Size 0.400 Acres
Acres 0.4
Source Washington County Board of REALTORS®
Land Area 11920
Property Description
University Lofts - Building B - Prime Student Housing Investment | 52-bd Apartment Complex. Exceptional opportunity to own University Lofts Building B a 7-unit 52-bedroom/52-bathroom apartment complex purpose-built for premium student housing just one block from Southern Utah University. This property is 100% occupied, providing immediate cash flow for investors seeking a stable and profitable asset in a thriving rental market. Constructed with quality and longevity in mind, the building features 5/8'' drywall for added fire resistance, sound privacy, and durability, acoustically insulated interior walls & solid core interior doors throughout creating a quiet and comfortable environment highly valued by tenants. Located in one of Southern Utah's most desirable rental locations. Included in the sale, is a portion of the parking lot on 900 W. (Building A is also available, under separate ownership, providing the rare opportunity to acquire both buildings and own the entire University Lofts complex a premier student housing package with exceptional performance and future potential.)
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-0121-0003-0000
Acceptable Financing Conventional, Cash, 1031 Exchange, Exchange
Listing Terms Conventional, Cash, 1031 Exchange, Exchange
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Listed by ERA Realty Center
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