Palmer House, Sunrise Apartments, & Cedar Apartments
Property Description
This rare portfolio offering consists of 44 apartment units across three well-maintained multifamily communities in the heart of Cedar City, Utah. Collectively comprising four residential buildings situated on approximately 1.71 acres, the properties offer investors an opportunity to acquire stable, income-producing assets in one of Southern Utah’s fastest-growing rental markets. The portfolio benefits from a long history of occupancy, established operations, and locations near Southern Utah University, downtown Cedar City, major employers, and community amenities. The owner may also consider the sale of the parcel adjacent to the Cedar Apartments (304 S 100 W), providing additional flexibility for future development or expansion.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $6,025,000 |
| No. of Units: | 3 |
| Lot Size: | 1.71 Acres |
| Opportunity Zone: | No |
| Price per unit: | $2,008,333 |
| Property Website | Click Here |
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