1130 S Cedar Knolls, Cedar City, UT 84720

$7,400,000
Property Type: MultiFamily Square Footage: 33,264 Lot Size (sq. ft.): 75,359 Status: Active
Current Price: $7,400,000 List Date: 8/20/2025 Last Modified: 9/10/2025

Description

Rare opportunity for an established 24 unit student apartment building in the middle of Cedar City! The property consists of two 12 plex apartment buildings that are each 3 stories tall, making up 96 bedrooms in total. Each apartment unit floor plan consists of 4 bed 2.5 bath with it's own kitchen, living room/dining area & laundry. Newly built in 2018, the apartment building and units are in great shape. As a student rental, the building has been receiving around $550 per month per private bedroom. The landlord is currently paying all of the utilities. Plenty of parking with 125 parking stalls. With being around 1 mile from the SUU campus, this building is ideal to be used as a student housing complex. SUU is projected to continue to grow. Don't delay, come see today!

More Information MLS# 25-264208

Contract Info

Short Sale Status: No Listing Date: 2025-08-20

General Prop Info

Realtor.com: Multi-Family Lot Acres: 1.73 # of Buildings: 2 # Floors: 3 HOA Transfer Fee: No Year Built: 2018 Number of Units: 24 Total SqFt: 33264

Location, Tax & Legal

Total Taxes: 12100.46 Tax Year: 2022 Elementary Schools: Out of Area Intermediate Schools: Out of Area Jr. High Schools: Out of Area Sr. High Schools: Out of Area List Price/SqFt: 222.46 Geo Lat: 37.658408 Geo Lon: -113.077621 List Price: $7,400,000 Current Price: $7,400,000 House Number: 1130 Street Direction Pfx: S Street Name: Cedar Knolls MLS Area: Outside Area State/Province: UT Postal Code: 84720 County: Iron Tax ID: See Private Remarks

Construction

Other - See Remarks: 1

Separate Meters

Electric: 1 Gas: 1

Zoning

Multi-Family: 1

Terms of Sale

Cash: 1 Conventional: 1

Roof

Asphalt: 1

Heating

Gas FA: 1

Air Conditioning

Central Air: 1

Showing Instructions

Key Box: 1

Possession

Close Of Escrow: 1

Status Change Info

Status: Active

Property Features

Construction: Other - See Remarks Separate Meters: Electric; Gas Roof: Asphalt Heating: Gas FA Air Conditioning: Central Air Showing Instructions: Key Box Zoning: Multi-Family Terms of Sale: Cash; Conventional Possession: Close Of Escrow
Listing Office: Stratum Real Estate Group So Branch
Last Updated: September - 10 - 2025
Information deemed reliable but not guaranteed.