119 & 141 N 800 W ##B, Cedar City, UT 84720
119 & 141 N 800 W ##B, Cedar City, UT 84720
119 & 141 N 800 W ##B, Cedar City, UT 84720
119 & 141 N 800 W ##B, Cedar City, UT 84720
119 & 141 N 800 W ##B, Cedar City, UT 84720
119 & 141 N 800 W ##B, Cedar City, UT 84720
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Kelly L Martin

Kelly L Martin

+1(801) 347-8852
$ 3,799,000
Est. payment | /mo

11,920 SqFt

Save
$ 3,799,000
Est. payment | /mo
Save

11,920 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,920 sqft

Price per Sqft $318

Subdivision Cedar City

MLS Listing ID 113464

Construction Status Existing

Year Built 2018

Annual Tax Amount $5,719

Lot Size 0.274 Acres

Acres 0.41

Property Sub-Type Multi Family

Source Iron County Board of REALTORS®

Property Description

University Lofts - Building B - Prime Student Housing Investment | 52-bd Apartment Complex. Exceptional opportunity to own 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. The property is comprised of two distinct parcels, potentially permitting financing under Fannie Mae guidelines rather than commercial financing. Buyer is advised to independently verify all financing options. Sale includes the adjacent parking lot on 900 West, providing additional parking for tenants. (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

Community Cedar City

Interior

Heating Natural Gas, Forced Air

Laundry Yes

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Electric Separate, Gas Separate, Culinary, City

Building

Structure Type Frame,Stucco

New Construction No

Construction Status Existing

Others

Senior Community No

Tax ID B-0121-0003-0000, B-0121-0000-0000

Listed by ERA Realty Center

Nearby Locations

Kelly L Martin

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(801) 347-8852

kelly@buystgeorgehomes.com

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119 & 141 N 800 W ##B