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> 4 Units

$500,000 reduction

Active

371Days on Market

$6,900,000

$207/sqft+4.1%/yrHome values in the 84720 zip code have grown an average of 4.1% per year over the last 5 years.

$7,400,000↓$500,000 (7%)Jul 14

Mountain View

Price history — protected

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About This Property

I'm interested

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!

Property Features

Heating

Gas: Central

Flooring

Carpet,Laminate

Interior Features

Range/Oven: Free Stdng.

Parking

Parking: Uncovered

Unit Breakdown

Type 1

0 bath

$0/mo

Total Actual Rent

$0/mo

Location

Estimated Monthly Payment

$37,297/mo

Down Payment$1,380,000 (20%)

Principal & Interest$34,995

Property Tax$1,008/mo

Insurance (est.)$1,294/mo

Est. Total$37,297/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2106357• Tax ID: D-1024-0010-0006

Courtesy of Jesse G Carter, Stratum Real Estate Group PLLC (South Branch) · jessecarterteam@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

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Estimated Monthly Payment

$37,297/mo

Down Payment$1,380,000 (20%)

Principal & Interest$34,995

Property Tax$1,008/mo

Insurance (est.)$1,294/mo

Est. Total$37,297/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2106357• Tax ID: D-1024-0010-0006

Courtesy of Jesse G Carter, Stratum Real Estate Group PLLC (South Branch) · jessecarterteam@gmail.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.

Schools

Elementary

None/Other

Middle School

None/Other

High School

None/Other