Utah's Premier | OnX Realty

529 S MAY DR

Cedar City, UT 84720

Townhouse; Row-mid

Cedar City, UT 84720

529 S MAY DR

$323,000

MLS#: 2156355

Status: Active

Listing provided by: Century 21 Lifestyle Real Estate

Listing agent phone: None

Last update: a month ago

On site: 5 months ago

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OLD SORREL TOWNHOMES PUD - Residential

About

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.

Property

Beds

3

Full Baths

2

1/2 Baths

None

Year Built

2023

Sq.Footage

1,400

Features

Features & Amenities

Interior

  • Other Interior Features

    Walk-In Closet(s)

  • Total Bedrooms

    3

  • Bathrooms

    2

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central, Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Parking

    Attached, Garage

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Mountain(s)

Area & Lot

  • Lot Size(acres)

    0.02

  • Lot Size(square feet)

    871

  • Property Type

    Residential

  • Property Sub Type

    Townhouse

  • Architectural Style

    Townhouse; Row-mid

Price

  • Sales Price

    $323,000

  • Tax Amount

    $1,750

  • Zoning

    R-3

  • Sq. Footage

    1,400

  • Price/SqFt

    $230

HOA

  • Association

    YES

  • Association Fee

    $150

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    Iron

  • Middle School

    Cedar Middle School

  • High School

    Cedar

Property Features

  • New Construction

    NO

  • Accessibility Features

    Accessible Hallway(s)

  • Association Amenities

    Barbecue, Maintenance, Picnic Area, Playground, Trash, Water

  • Senior Community YN

    NO

Schedule

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Location

  • County

    Iron

  • Elementary School

    Iron

  • Middle School

    Cedar Middle School

  • High School

    Cedar

Listing Courtesy of Jennifer Misbach, Century 21 Lifestyle Real Estate

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Damon Luke

Damon Luke

President / Real Estate Agent

Call Damon today to schedule a private showing.

Phone (801) 477-7421

Email Damon@OnXrealty.com


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529 S MAY DR

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