119 N 800 W Building #A Unit Building #A, Cedar City, UT 84720

$3,699,000

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List Price
$3,699,000
Price Change
▼ $291,000 1773446503
MLS#
113460
Acres
0.44
Subdivision
Cedar City
Year Built
2018

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 areas, 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. University Lofts Building A - is separately owned from adjacent Building B available to be purchased from separate owner for a total of 112 bedrooms. All easements are in place and recorded for the shared parking lot.

Additional Information

Heating
Natural Gas, Forced Air
School District
Cedar
Elementary School
Cedar North
Middle School
Cedar
High School
Cedar
Taxes
$8,958
Utilities
Culinary, City, Electricity Connected, Natural Gas Connected, Sewer Connected, Gas Separate, Electric Separate

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Calculator source: Real Geeks

Listing courtesy of ERA Realty Center.