119 N 800 W, Cedar City, UT 84720

Great Investment property! New (built in 2018) and stabilized Student apartment building. This Building has (60 beds and 60 bath's) 10 bedrooms and 10 bathrooms in each unit. Each bedroom has it's own private bathroom. There are 2 washers and 2 dryers per unit. There are 2 fridges in each kitchen. There are 2 ac's and 2 furnaces per unit. These units are very clean and in great condition, they have been very well maintained and carpets professionally cleaned every year. It also has a brand new roof (roof damage from a storm, warranty replaced). Property is very close to SUU. In 2023 this property appraised for $5,230,000, this is a great deal and offered at a 6% Cap rate. SUU continues to grow, https://www.suu.edu/news/2024/08/business-building-groundbreaking-ceremony.html