1130 CEDAR KNOLLS, Cedar City, UT 84720
96BD/—BA Residential in Cedar City, UT 84720. 33,264 sqft. Built 2018. Listed at $7,200,000. MLS #2106357.
96BD/—BA Residential in Cedar City, UT 84720. 33,264 sqft. Built 2018. Listed at $7,200,000. MLS #2106357.
$7,200,000
Originally listed at $7,400,000
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!
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Iron
Zoning
Multi-Family
Lot Size
1.73 sq ft
Condition
Blt./Standing
MLS #
2106357
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Iron
Zoning
Multi-Family
Lot Size
1.73 sq ft
Condition
Blt./Standing
MLS #
2106357
List Price
$7,200,000
Original Price
$7,400,000
Annual Taxes
$12,100
Home Warranty
No
List Price
$7,200,000
Original Price
$7,400,000
Annual Taxes
$12,100
Home Warranty
No
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Laminate
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
0
Total Parking
125
Covered Spaces
0
Total Parking
125
Why this is a deal
Classification
Strong STR Cash FlowDeal Score
100/100
vs Market Median
27% above
Price Reduced
2.7%
Area Growth (YoY)
8.2%
Deal Score Breakdown
100/100 · 2 qualifying signals
STR net cashflow +$21,590/mo (+45.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
8.2% year-over-year ZHVI growth in this area
3% price reduction from original list — seller may be motivated
Priced 27% above the per-subtype city median
Not enough comparable listings
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Est. Annual Revenue
$1,177,390/yr
$173/night · 57% occupancy · $58/bedroom · $0.13/sqft
Net Monthly Cash Flow
+$21,591 /mo (+$259,087/yr)
Monthly STR income
Monthly ownership cost
Coverage
208%
Net /mo
+$21,590
DSCR
1.88
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
9
Available Providers
$440,000
+1536% vs median
78 days
174
$223,000 – $5,750,000
$12,100
Low Crime
9.4
per 1,000
18.3
per 1,000
7.4
per 1,000
35.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Devin Tanner - Utah Realtor
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