1055 W 400 N, Cedar City, UT 84720 (MLS# 21-223737)



$7,152,800
1055 W 400 N
Cedar City, UT 84720
MLS# 21-223737
Status: Closed
36000 sqft


1055 W 400 N, Cedar City, UT 84720
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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 ...

Details
General Prop Info
Realtor.com: Multi-Family
Lot Acres: 3.49
Year Built: 2018
# of Buildings: 4
Number of Units: 20
Total SqFt: 36000
# Levels: 2
Contract Info
Listing Date: 2021-06-22
Short Sale Status: No
Location Tax Legal
Geo Lat: 37.683581
Geo Lon: -113.076824
List Price: $7,152,800
Current Price: $7,152,800
House Number: 1055
Street Direction Pfx: W
Street Name: 400
Street Direction Sfx: N
MLS Area: Outside Area
State/Province: UT
Postal Code: 84720
County: Iron
Tax ID: B-20-10
Status Change Info
Sold Date: 2021-10-08
Under Contract Date: 2021-07-21
Status: Closed
Sold Price/SqFt: 198.69
Annual Grs Rntl Inc
# 1 Bedroom Units: 120
1 Bedroom Rent: 2000
Property Features
Construction: Brick; Other - See Remarks
Separate Meters: Electric; Gas
Roof: Asphalt
Heating: Gas FA
Air Conditioning: Central Air
Showing Instructions: Call Listing Agent
Zoning: Multi-Family
Terms of Sale: 1031 Exchange; Cash; Conventional
Supplements
Southern Utah University and is completely leased through the fall of 2021 and Spring of 2022. Large complimentary laundry facility on site.

Listing Office: D & B REAL ESTATE*

Last Updated: September - 15 - 2024

Information deemed reliable but not guaranteed.