119 N 800 W Unit Building A Cedar City, UT 84720
Estimated payment $24,619/month
About This Home
Great Investment property! New (built in 2018) and stabilized Student apartment building. This Building has (60 beds and 60 bath's) 10 bedrooms and 10 bathrooms in each unit. Each bedroom has it's own private bathroom. There are 2 washers and 2 dryers per unit. There are 2 fridges in each kitchen. There are 2 ac's and 2 furnaces per unit. These units are very clean and in great condition, they have been very well maintained and carpets professionally cleaned every year. It also has a brand new roof (roof damage from a storm, warranty replaced). Property is very close to SUU. In 2023 this property appraised for $5,230,000, this is a great deal and offered at a 6% Cap rate. SUU continues to grow, https://www.suu.edu/news/2024/08/business-building-groundbreaking-ceremony.html
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,298
Year Built
- Built in 2018
Lot Details
- 0.44 Acre Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Stucco
Interior Spaces
- 18,618 Sq Ft Home
- 3-Story Property
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Separate Meters
- Gas Water Heater
Community Details
- No Home Owners Association
- Cedar City Subdivision
Listing and Financial Details
- Assessor Parcel Number B-0118-0000-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $7,005 | $790,070 | $16,500 | $773,570 |
| 2022 | $6,924 | $753,235 | $16,500 | $736,735 |
| 2021 | $6,979 | $759,140 | $16,500 | $742,640 |
| 2020 | $7,932 | $765,040 | $16,500 | $748,540 |
| 2019 | $8,292 | $765,040 | $16,500 | $748,540 |
| 2018 | $1,260 | $112,445 | $16,485 | $95,960 |
| 2017 | $1,093 | $96,035 | $14,495 | $81,540 |
| 2016 | $999 | $81,775 | $13,810 | $67,965 |
| 2015 | $957 | $74,260 | $0 | $0 |
| 2014 | $850 | $61,705 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/28/2024 12/28/24 | Price Changed | $4,325,000 | -4.4% | $232 / Sq Ft |
| 12/13/2024 12/13/24 | Price Changed | $4,525,000 | -1.5% | $243 / Sq Ft |
| 12/05/2024 12/05/24 | Price Changed | $4,595,000 | -2.1% | $247 / Sq Ft |
| 10/11/2024 10/11/24 | For Sale | $4,695,000 | -- | $252 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | Cedar Land Title Inc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | New Conventional | |
| Open | $3,650,000 | New Conventional | |
| Closed | $3,000,000 | New Conventional | |
| Closed | $504,515 | New Conventional | |
| Closed | $200,000 | Credit Line Revolving | |
| Previous Owner | $60,000 | Credit Line Revolving | |
| Previous Owner | $1,512,000 | Construction | |
| Previous Owner | $144,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $110,000 | New Conventional |
Source: Iron County Board of REALTORS®
MLS Number: 108779
APN: B-0118-0000-0000
