1130 Cedar Knls - Multi-Family FOR SALE


Cedar City, UT 84720
$7,400,000 USD
435-590-0798
1130 Cedar Knls, Cedar City, UT for Sale
$7,400,000 USD
Multi-Family - FOR SALE
1/34
null | 5.5% Cap Rate

1130 Cedar Knls
Cedar City, UT 84720


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$7,400,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

24

PRICE/UNIT

$308,333

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1130 S Cedar Knolls

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2018

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

R3-M

APN/PARCEL ID

B-1135-0028-0002

ASK ABOUT THIS PROPERTY

Jesse CarterStratum Real Estate GroupMore Info
435-590-0798

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Jesse CarterStratum Real Estate GroupMore Info
435-590-0798

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.