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$ 3,799,990
Est. payment | /mo
11,920 SqFt
$ 3,799,990
Est. payment | /mo
11,920 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
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. This is a turnkey investment offering both security and long-term growth. 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
Acceptable Financing Conventional, Cash, 1031 Exchange, Exchange
Listing Terms Conventional, Cash, 1031 Exchange, Exchange
Listed by ERA Realty Center
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