296 S 200 E, Cedar City, UT 84720

$1,299,000
Property Type: MultiFamily Square Footage: 6,476 Lot Size (sq. ft.): 16,117 Status: Closed
Current Price: $1,299,000 List Date: 1/08/2024 Last Modified: 9/15/2024

Description

Investors! Six large 3-bedroom units (technically 2 beds plus large den) with washer/dryer hookups in each unit. Additional, 2-bedroom home with new roof! 7total rental units! Don't miss this unique opportunity to own a prime piece of real estate in the heart of town. This property not only promises an ideal location but also boasts an excellent rental history, making it a lucrative investment for those looking to capitalize on the thriving rental market. One of the standout features of this investment is its impeccable rental history, a testament to the property's desirability and the consistent demand for housing in the area. Savvy investors can take advantage of this proven track record in a thriving college town, to secure a reliable and attractive return on investment.

More Information MLS# 24-247141

Contract Info

Short Sale Status: No Listing Date: 2024-01-08

General Prop Info

Realtor.com: Multi-Family Lot Acres: 0.37 Lot Irregular: No # of Buildings: 2 2 Bedroom Aprx SqFt: 1076 3 Bedroom Aprx SqFt: 6300 # Floors: 3 Elevators: No HOA Transfer Fee: No Year Built: 2006 Number of Units: 7 Total SqFt: 6476

Location, Tax & Legal

Total Taxes: 2717.36 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: 200.59 Geo Lat: 37.672164 Geo Lon: -113.05876 List Price: $1,299,000 Current Price: $1,299,000 House Number: 296 Street Direction Pfx: S Street Name: 200 Street Direction Sfx: E MLS Area: Outside Area State/Province: UT Postal Code: 84720 County: Iron Tax ID: 0051299

Status Change Info

Sold Price/SqFt: 200.74 Sold Date: 2024-02-29 Under Contract Date: 2024-01-13 Status: Closed

Annual Grs Rntl Inc

# 2 Bedroom Units: 7

Construction

Wood Frame: 1

Separate Meters

Electric: 1 Gas: 1

Zoning

Multi-Family: 1

Terms of Sale

1031 Exchange: 1 Cash: 1 Conventional: 1 FHA: 1

Roof

Asphalt: 1

Heating

Gas FA: 1

Air Conditioning

Central Air: 1

Showing Instructions

Call Listing Agent: 1

Property Features

Construction: Wood Frame 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; FHA
Listing Office: ERA Realty Center
Last Updated: September - 15 - 2024
Broker Attribution: 435-586-2777

Information deemed reliable but not guaranteed.