1055 W 400 N, Cedar City, UT 84720 (MLS# 21-223737)
$7,152,800
Cedar City, UT 84720
MLS# 21-223737
Status: Closed
36000 sqft
1 / 17
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
List Price/SqFt: 198.69
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
Total Taxes: 37550
Tax Year: 2021
Elementary Schools: .
Intermediate Schools: .
Jr. High Schools: .
Sr. High Schools: .
Remarks & Misc
Directions: 200 North West to 1000 West or 1100 West, turn North and go to 400 North, the complex is between 1000 and 1100 West .
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
Garage/Carport
Carport Spaces: 104
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: January - 06 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.