$7,152,800
$7,152,800
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1055 W 400 N Cedar City, UT 84720
36,000 SqFt
Key Details
Sold Price $7,152,800
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 36,000 sqft
Price per Sqft $198
MLS Listing ID 21-223737
Sold Date 10/08/21
Originating Board Washington County Board of REALTORS®
Year Built 2018
Annual Tax Amount $37,550
Lot Size 3.490 Acres
Acres 3.49
Property Description
New and stabilized Student apartment complex. This complex has 4 buildings with 5 units in each building and 6 bedrooms & 6 bathrooms plus 2 kitchens and 2 living rooms per unit for a total of 120 beds. This property is being offered at 6.25 Cap Rate plus an additional 1.7 + acres for Phase II. These units are sparkling clean and in brand new condition. This complex is only 4 block from ... Southern Utah University and is completely leased through the fall of 2021 and Spring of 2022. Large complimentary laundry facility on site.
Location
State UT
County Iron
Area Outside Area
Zoning Multi-Family
Direction 200 North West to 1000 West or 1100 West, turn North and go to 400 North, the complex is between 1000 and 1100 West .
Interior
Heating Gas FA
Cooling Central Air
Exterior
View Y/N No
Roof Type Asphalt
Building
Story 2
New Construction No
Schools
School District .
Others
Senior Community No
Acceptable Financing Conventional, Cash, 1031 Exchange
Listing Terms Conventional, Cash, 1031 Exchange
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