529 S MAY DR, Cedar City, UT 84720
529 S MAY DR, Cedar City, UT 84720
529 S MAY DR, Cedar City, UT 84720
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
The Perry Group

The Perry Group

+1(801) 871-5259
$339,000
Est. payment /mo
3 Beds
2 Baths
1,400 SqFt
Save

UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $242

Subdivision Old Sorrel Townhomes Pud

MLS Listing ID 2156355

Style Townhouse; Row-mid

Bedrooms 3

Full Baths 2

Construction Status Blt./Standing

HOA Fees $150/mo

HOA Y/N Yes

Abv Grd Liv Area 1,400

Year Built 2023

Annual Tax Amount $1,750

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Townhouse

Property Description

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.

Location

State UT

County Iron

Area Cedar Cty; Enoch; Pintura

Zoning Multi-Family

Rooms

Basement None

Interior

Interior Features 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)

Heating Forced Air, Gas: Central

Cooling Central Air

Flooring Carpet

Inclusions Alarm System, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Window Coverings, Video Door Bell(s), Video Camera(s), Smart Thermostat(s)

Equipment Alarm System, Window Coverings

Fireplace false

Window Features Blinds,Full

Appliance Dryer, Microwave, Range Hood, Refrigerator, Washer

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Double Pane Windows

Garage Spaces 2.0

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Amenities Available Barbecue, Maintenance, Pet Rules, Pets Permitted, Picnic Area, Playground, Trash, Water

View Y/N Yes

View Mountain(s), View: Red Rock

Roof Type Asphalt

Present Use Residential

Topography Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain, View: Red Rock

Accessibility Accessible Hallway(s)

Total Parking Spaces 4

Private Pool false

Building

Lot Description Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain, View: Red Rock

Faces East

Story 2

Sewer Sewer: Connected

Water Culinary

Architectural Style Townhouse; Row-mid

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools North

Middle Schools Cedar Middle School

High Schools Cedar

School District Iron

Others

HOA Fee Include Maintenance Grounds,Trash,Water

Senior Community No

Tax ID B-1857-1044-0000

Ownership Agent Owned

Security Features Fire Alarm

Acceptable Financing Cash, Conventional, FHA, VA Loan

Horse Property No

Listing Terms Cash, Conventional, FHA, VA Loan

Read Less Info
Listed by Century 21 Lifestyle Real Estate

Affordability Calculator

Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
$
$
$
%
Advanced
You can afford a home up to: $0
Your debt-to-income ratio is 36%
Quite affordable.
View Affordable Properties
Payment Breakdown：
$0 Month

GET MORE INFORMATION

+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT 84106, United States
Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Perry Group | Real, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By proceeding, you expressly consent to receive texts at the number you provided, including marketing, from The Perry Group | Real about real estate related matters, but not as a condition of purchase. Message frequency varies. You can text Help for help and Stop to cancel. You also agree to our Terms of Service and to our Privacy Policy regarding the information relating to you. Message and data rates may apply.

 

Additionally, you expressly consent to receiving calls at the number you provided, including marketing by auto-dialer, pre-recorded or artificial voice, and email, from The Perry Group | Real about real estate related matters, but not as a condition of purchase. This consent applies even if you are on a corporate, state or national Do Not Call list. Messages may be processed by an automated system.

Go tour this home

529 S MAY DR