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

Overview

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.

Listing Details MLS# 24-247141

Location, Tax & Legal

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

Contract Info

Original List Price
1299000
Short Sale Status
No

General Prop Info

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

Status Change Info

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

Annual Grs Rntl Inc

# 2 Bedroom Units
7

More Information

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

Documents

Listing Office: ERA Realty Center
Last Updated: September - 15 - 2024
Broker Attribution: 435-586-2777
Information deemed reliable but not guaranteed.
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