$1,499,000
Cedar City, UT 84721
MLS# 24-247062
Status: Closed
7572 sqft
1 / 39
Property Description
Investors! With a cap rate of 6.1% when fully rented, you don't want to miss out on these 4 luxury townhomes only one year old. Each unit has its own parcel number and features a 2-car garage, fireplace, luxury primary suite w/stand alone tub and separate shower, double vanity and huge walk in closet. LVP throughout main areas with carpet in bedrooms. Includes ALL appliances. 3 units are rented for $2200 each (1 just vacated), and the $150 per unit monthly HOA includes water, sewer, garbage, snow removal, exterior liability insurance and front yard & common area maintenance. These are some of the largest townhomes on the market and one of the lower $/sq. ft. These townhomes make up all of Bldg. A; 5th unit avail in B. No restrictions on nightly rentals. Please do not disturb the tenants.
Details
Maps
General Prop Info
Realtor.com: Multi-Family
Lot Acres: 0.12
Lot Irregular: No
Year Built: 2022
# of Buildings: 1
Number of Units: 4
3 Bedroom Aprx SqFt: 1893
Total SqFt: 7572
# Levels: 2
Elevators: No
HOA Transfer Fee: Yes
Transfer Fee Amount: 25.00
Contract Info
Listing Date: 2024-01-04
Short Sale Status: No
Location, Tax & Legal
Geo Lat: 37.71594
Geo Lon: -113.066686
List Price: $1,499,000
Current Price: $1,499,000
List Price/SqFt: 197.97
House Number: 280
Street Direction Pfx: W
Street Name: 2100
Street Direction Sfx: N
Unit #: , Bldg A (Units 1-4)
MLS Area: Outside Area
State/Province: UT
Postal Code: 84721
County: Iron
Tax ID: B-2022-0001-0000
Total Taxes: 4375.56
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
Remarks & Misc
Directions: From Main St, go west on 1925 N to Northfield Rd and turn L under the freeway on 400 W/Northfield. Then go straight another .25 mile and turn R onto 2100 N, home on the left side. Look for sign.
Office/Member Info
Buyer Broker Compensation (BBC): 2.5
Buyer Broker Comp (BBC) Type: %
Status Change Info
Sold Date: 2024-03-20
Under Contract Date: 2024-02-20
Status: Closed
Sold Price/SqFt: 171.69
Annual Grs Rntl Inc
# 3 Bedroom Units: 4
3 Bedroom Rent: 2200
3 Bedroom Total Rent: 8800
Garage/Carport
Garage Spaces: 8
Property Features
Construction: Stucco; Wood Frame
Separate Meters: Electric; Gas
Garage/Carport: Garages
Roof: Asphalt
Heating: Gas FA
Air Conditioning: Central Air
Showing Instructions: Call Listing Agent
Zoning: Multi-Family; PUD
Terms of Sale: 1031 Exchange; Cash; Conventional
Listing Office: EQUITY REAL ESTATE-SOUTHERN UTAH
Last Updated: March - 21 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.