Property Highlights
Currently Zoned R-M-3, 24 Units Per Acre
Cedar City has experienced a steady population growth over the past decade, driving a high demand for new housing options.
Location is right next to I-15 making it ideal for easy marketing as well a great location for tenants working and going to school in the area.
Cap Rate: 0
Price Includes 18 Acre Feet of Water
Seller has preliminary plans showing a layout for 144 units.
Median home price in Cedar City has increased by 12% since 2019, making renting more attractive.
https://www2.mtnwest.com/finalflyers/550W1750N_CedarCity_Kris_Flyer.pdf
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