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304 S 100 W
Cedar City, UT 84720
Cedar Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Located in the heart of Cedar City, Cedar Apartments offers investors an established, income-producing multifamily asset
- The property’s proven operating history and established tenant base support dependable current income
Executive Summary
Located in the heart of Cedar City, Cedar Apartments offers investors an established, income-producing multifamily asset with convenient access to Southern Utah University, downtown Cedar City, employment centers, shopping, dining, and community services. The property’s proven operating history and established tenant base support dependable current income, while its central location provides a strong foundation for long-term ownership.
Adding to the investment opportunity, the owner may also consider the sale of the adjacent parcel to a purchaser of Cedar Apartments, creating potential for future expansion, additional development, or other complementary uses. This combination of existing multifamily income and potential access to additional land provides investors with flexibility that is uncommon among established properties in central Cedar City.
Adding to the investment opportunity, the owner may also consider the sale of the adjacent parcel to a purchaser of Cedar Apartments, creating potential for future expansion, additional development, or other complementary uses. This combination of existing multifamily income and potential access to additional land provides investors with flexibility that is uncommon among established properties in central Cedar City.
Property Facts
| Price Per Unit | $147,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.66 AC |
| Cap Rate | 5.44% | Building Size | 20,000 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3-M | ||
| Price Per Unit | $147,500 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 20,000 SF |
| No. Stories | 3 |
| Year Built | 1974 |
| Opportunity Zone |
Yes |
| Zoning | R-3-M |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | - | 700 |
Property Taxes
| Parcel Number | B-0256-0256-0001 | Improvements Assessment | $433,466 |
| Land Assessment | $73,150 | Total Assessment | $506,616 |
Property Taxes
Parcel Number
B-0256-0256-0001
Land Assessment
$73,150
Improvements Assessment
$433,466
Total Assessment
$506,616
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