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550 W 1750 N
Cedar City, UT 84721
Asking Price
$3.95M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 99 Units <ul><li>This townhome site is situated approximately 1.5 miles from I-15 freeway access.</li><li>The available Due Diligence items, including an ALTA Survey, ESA Phase 1, Geotechnical Report, and DRT planning/zoning notes can be provided upon request.</li><li>Preliminary plat with 99 townhome units is in process of approval by the City.</li><li>The sale includes nessesary water rights for the development.</li></ul>
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NOI
$80,000
Cap Rate
2.03%
DSCR
0.34
Underwater
Cash-on-Cash
-13.04%
Monthly Payment
$19,542.445
Annual Cash Flow
$-154,509.338