Cedar City, UT 84720 1130 S CEDAR KNOLLS
$7,400,000
29 more
Presented By: Stratum Real Estate Group PLLC (South Branch) - 435-586-4874
Beds • 96
Baths • 48
SQFT • 33,264
Home Details
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!
Presented By: Stratum Real Estate Group PLLC (South Branch) - 435-586-4874
Interior Features for 1130 S CEDAR KNOLLS
Bedrooms
Total Bedrooms96
Bathrooms
1/2 Baths0
Total Baths48
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Interior AmenitiesRange/Oven: Free Stdng.
Window FeaturesBlinds
General for 1130 S CEDAR KNOLLS
ADUNo
Architectural StyleStories: 3
Attached Garage No
Carport Y/NNo
CityCedar City
CountyIron
Current UseResidential
Elementary SchoolNone/Other
Elementary School DistrictIron
Garage Y/NNo
HOANo
HeatingGas: Central
High SchoolNone/Other
High School DistrictIron
Home Warranty Y/NNo
Lease Considered Y/NNo
Listing TermsCash, Conventional
Living Area33264.0
Living Area UnitsSquare Feet
Lot Size Square Feet75358.8
Lot Size UnitsAcres
MLS AreaCedar Cty; Enoch; Pintura
Middle/Junior High SchoolNone/Other
Middle/Junior School DistrictIron
Mobile Length0
Mobile Width0
New ConstructionNo
Number Of Units Total24
Open Parking Spaces125.0
PostalCityCedar City
Property Attached Y/NNo
Property ConditionBlt./Standing
Property Subtype> 4 Units
Property TypeResidential
RoofAsphalt
Senior Community Y/NNo
SewerSewer: Connected
Standard StatusActive
StatusActive
Stories Count0
Tax Annual Amount12100.0
TopographyCurb & Gutter, Fenced: Part, Road: Paved, Sidewalks, Terrain, Flat, View: Mountain
Total Rooms0
UtilitiesNatural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
ViewMountain(s)
Virtual TourClick here
Year Built2018
ZoningMulti-Family
Zoning DescriptionR3-M
Exterior for 1130 S CEDAR KNOLLS
Building Area Total33264.0
Covered Spaces
Frontage Length0.0
Horse Y/NNo
InclusionsDishwasher: Portable, Dryer, Freezer, Microwave, Range, Refrigerator, Washer, Window Coverings
Lot Dimensions0.0x0.0x0.0
Lot FeaturesCurb & Gutter, Fenced: Part, Road: Paved, Sidewalks, View: Mountain
Lot Size Acres1.73
Lot Size Area1.73
Other EquipmentWindow Coverings
Parking FeaturesParking: Uncovered
Private PoolNo
RV Parking Dimensions0.00
SpaNo
Total Parking125.0
VegetationLandscaping: Full
Water SourceCulinary
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
None/Other Elementary School
High School
None/Other High School
Middle School
None/Other Middle School
Jesus Yerena Delgado
Agent
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EN