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$ 1,200,000
Est. payment /mo
New
1 N 300 E Cedar City, UT 84720
5,230 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,230 sqft
Price per Sqft $229
MLS Listing ID 26-273142
Year Built 1985
Annual Tax Amount $1,581
Lot Size 0.400 Acres
Acres 0.4
Source Washington County Board of REALTORS®
Land Area 5230
Property Description
Investment Opportunity in the Heart of Cedar City! Exceptional 5-unit apartment complex ideally located in the center of town, directly across from East Elementary and just minutes from Southern Utah University and Cedar High School, offering strong rental appeal and convenience. Each thoughtfully designed unit features 2 bedrooms, 1.5 bathrooms, and a unique 3-level layout with a 2-car garage on the main level, living spaces on the second level, and bedrooms with a full bathroom on the upper level. Quality construction shines throughout with 14'' TJI floor systems and two fully insulated walls between units, providing exceptional sound reduction and privacy. Each unit includes a welcoming mudroom entry, electric baseboard heat, washer and dryer conveniently located near the bedrooms, a dedicated laundry cabinet with hanging bar, and additional storage tucked beneath the garage staircase. Enjoy outdoor living with decks on both upper levels, plus ample uncovered parking in addition to each unit's private 2-car garage.
Rare opportunity for future expansion with potential to add 5 additional units on the property (buyer to verify all zoning, density, and development possibilities). Whether expanding your investment portfolio or pursuing a value-add opportunity, this property offers strong income potential in a highly desirable location near schools, university amenities, and everyday conveniences.
Rare opportunity for future expansion with potential to add 5 additional units on the property (buyer to verify all zoning, density, and development possibilities). Whether expanding your investment portfolio or pursuing a value-add opportunity, this property offers strong income potential in a highly desirable location near schools, university amenities, and everyday conveniences.
Location
State UT
County Iron
Area Outside Area
Zoning Residential
Direction From 200 N, turn right onto 200 E, turn left onto Freedom Blvd, units are on the right.
Interior
Heating Baseboard, Gas FA
Cooling Central Air
Exterior
View Y/N No
Roof Type Asphalt
Garage Yes
Building
Story 3
Others
Senior Community No
Tax ID B-0805-0000-0000
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by ERA Realty Center
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