529 S MAY DR, Cedar City, UT 84720
529 S MAY DR, Cedar City, UT 84720
529 S MAY DR, Cedar City, UT 84720
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Chad Rawlins

Chad Rawlins

+1(801) 414-2115
$360,000
Est. payment /mo
3 Beds
2 Baths
1,400 SqFt
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Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $257

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 1045.000 Acres

Acres 1045.0

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Townhouse

Property Description

Turnkey investment opportunity in the Cedar City! This home boasts a current cap rate of over 5% with 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, this property benefits from Cedar City's growing tourism, thriving arts scene, and nearly 10,000-student university population. 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 12 summer bookings currently on the calendar and 27 five-star Airbnb reviews. Everything is already in place, including the Airbnb listing and online presence, professional cleaners, student housing lease agreements, and student cleaning documents, 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 and ready for immediate rental income. Additional features include 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 and approximately 45 minutes to St. George. Whether you're 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 No

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

Handicap Access Accessible Hallway(s)

Total Parking Spaces 4

Private Pool No

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

Monthly Total Fees $150

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Listed by Century 21 Lifestyle Real Estate

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Chad Rawlins

Chad Rawlins

+1(801) 414-2115

Broker | License ID: 6568231-PB00

Broker License ID: 6568231-PB00

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529 S MAY DR