UT > Cedar City
Cedar City, UT 84720,1130 S CEDAR KNOLLS
Cedar City, UT 84720,1130 S CEDAR KNOLLS,Video Tour
Cedar City, UT 84720,1130 S CEDAR KNOLLS
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$7,400,000
Est. payment /mo
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96 Beds
48 Baths
33,264 SqFt
Active

1130 S CEDAR KNOLLS Cedar City, UT 84720

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Bill Gillane

Bill Gillane

+1(801) 573-2146

UPDATED:

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 $12,100

Lot Size 1.730 Acres

Acres 1.73

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

Over 9% Cap Rate! 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!

Location

State UT

County Iron

Area Cedar Cty; Enoch; Pintura

Zoning Multi-Family

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

Building

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

Sewer Sewer: Connected

Water Culinary

New Construction No

Construction Status Blt./Standing

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

Listed by Stratum Real Estate Group PLLC (South Branch)

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Bill Gillane

Bill Gillane

Agent

+1(801) 573-2146

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1130 S CEDAR KNOLLS