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177 W Harding Ave
Cedar City, UT 84720
Palmer House Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Located in the heart of Cedar City, this established multifamily community offers investors a stable, income-producing asset in Southern Utah
- The property is also conveniently located near downtown Cedar City, employment centers, shopping, dining, and community services.
Executive Summary
Located in the heart of Cedar City, this established multifamily community offers investors a stable, income-producing asset in one of Southern Utah’s strongest rental markets. Ideally positioned near Southern Utah University, Palmer House benefits from convenient access to campus and the consistent housing demand generated by the university’s students, faculty, and staff. The property is also conveniently located near downtown Cedar City, employment centers, shopping, dining, and community services. Its proven operating history and established tenant base provide dependable cash flow while offering long-term investment stability
Property Facts
| Price Per Unit | $129,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 5.81% | Building Size | 10,106 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CC | ||
| Price Per Unit | $129,167 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 10,106 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Opportunity Zone |
Yes |
| Zoning | CC |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Oven
- Tub/Shower
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 550 - 700 |
Property Taxes
| Parcel Number | B-0689-0000-0000 | Improvements Assessment | $287,028 |
| Land Assessment | $63,030 | Total Assessment | $350,058 |
Property Taxes
Parcel Number
B-0689-0000-0000
Land Assessment
$63,030
Improvements Assessment
$287,028
Total Assessment
$350,058
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