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$ 4,275,000
Est. payment | /mo
18,618 SqFt
$ 4,275,000
Est. payment | /mo
18,618 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,618 sqft
Price per Sqft $229
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
Acceptable Financing Conventional, Cash, 1031 Exchange, Exchange
Listing Terms Conventional, Cash, 1031 Exchange, Exchange
Listed by ERA Realty Center
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