$323,000

About this home

Cap rate over 5%!!! INVESTORS or parents of students headed to SUU for school, take a look! Turnkey investment opportunity in the Cedar City! This home boasts a current cap rate of over 5% with current business model, year-round income potential. Built in 2023, this like-new 3-bedroom, 2-bath townhome offers approximately 1,400 sq ft and is perfectly positioned for investors seeking strong cash flow and multiple rental strategies. Currently operating as a furnished short-term summer rental and school year student housing property. Targeted for Airbnb, vacation rental, and Southern Utah University student housing, Visitors are drawn year-round by nearby national parks, Brian Head ski resort, world-class hiking, dark-sky stargazing, and the renowned Utah Shakespeare Festival, which welcomes over 100,000 visitors annually. The current owners have already built a successful turnkey system for the next investor, with more than 35 summer bookings currently on the calendar and over 30 five-star Airbnb reviews. Everything is already in place, including the Airbnb listing and online presence, professional cleaners, all documents for student housing lease agreements student and cleaning documents ready to go, making for a seamless transition and immediate income opportunity. Inside, you'll find durable LVP flooring, quartz countertops, smart locks, modern finishes, and a functional open layout designed for low-maintenance ownership. The property is fully furnished for both students and short term renters and ready for immediate rental income. Additional features include two walk in closets, basement crawl space storage and a spacious two-car garage. Conveniently located near SUU, shopping, dining, and entertainment, with easy access to national parks, only 30 minutes to ski resorts, 15 minutes to Kanarra falls, 20 minutes to west entrance of Zions and approximately 45 minutes to St. George. We have a well-established partially automated system in place and are happy to help new owners take over seamlessly. Whether you're looking for comfortable housing for your SUU student, expanding your portfolio, seeking a 1031 exchange opportunity, or entering the short-term rental market, this property offers flexibility, location, and proven income potential.

Written by the listing agent.

Location

Monthly payment

10% down ($32,300), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.

Details

Style

Townhouse; Row-mid

Garage

2 cars

Basement

None

Lot

0.02 acres

HOA

$150/mo

Subdivision

OLD SORREL TOWNHOMES PUD

• Alarm: Fire
• Bath: Primary
• Closet: Walk-In
• Disposal
• Great Room
• Range: Gas
• Range/Oven: Free Stdng.
• Video Door Bell(s)
• Video Camera(s)
• Smart Thermostat(s)

Schools

Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Iron

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