$7,400,000

1130 S CEDAR KNOLLS, Cedar City, UT 84720

  • 96 beds |
  • 48 baths |
  • 33,264 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2018
  • Property Lot Size Icon1.73acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $222/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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!

Listing Status:
Active
Date Added:
August 20, 2025 at 06:00AM
Listing Office:
Stratum Real Estate Group PLLC (South Branch) : 435-586-4874
Listing Agent:
Jesse G Carter : 435-590-0798
MLS ID:
2106357
  • General: Range/Oven: Free Stdng.
  • Flooring: CarpetLaminate
  • Heating: Gas: Central
  • Style: Stories: 3
  • Parking: Parking: UncoveredParking spaces: 125
  • Roofing: Asphalt
  • Windows: Blinds
  • General: Blt./Standing
  • Originating MLS: UtahRealEstate.com
  • School District: Iron
  • County: Iron
  • Topography: Curb & GutterFenced: PartRoad: PavedSidewalksTerrainFlatView: Mountain
  • Landscaping: Landscaping: Full
  • Zoning: Multi-FamilyD-1024-0010-0006
  • View: Mountain(s)View
  • Current Use: Residential
  • Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedWater Connected
  • Water: Culinary
  • Sewer: Sewer: Connected
  • Source: UtahRealEstate.com

This listing courtesy of Jesse G Carter, Stratum Real Estate Group PLLC (South Branch)

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Southwest Educational Academy

510 W 800 S, Cedar City, UT, 84720

Grades KG-12

0.51 miles away

S

Southwest Educational Academy

510 W 800 S, Cedar City, UT, 84720

Grades KG-12

0.51 miles away

S

Southwest Educational Academy

510 W 800 S, Cedar City, UT, 84720

Grades KG-12

0.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.