529 S May Dr, Cedar City, UT 84720

Cedar City
Local realty services provided by:ERA Brokers Consolidated
529 S May Dr,Cedar City, UT 84720
$323,000
  • 3 Beds
  • 2 Baths
  • 1,400 sq. ft.
  • Townhouse
  • Active
Listed by: jennifer misbach
Office: century 21 lifestyle real estate
MLS#:2156355
Source:SL

Price summary

  • Price:$323,000
  • Price per sq. ft.:$230.71
  • Monthly HOA dues:$150

About this home

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...

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Home facts

  • Year built:2023
  • Subdivision & Development:OLD SORREL TOWNHOMES PUD
  • Listing ID #:2156355
  • Added:148 day(s) ago
  • Updated:October 04, 2026 at 11:22 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:10
  • Flooring:Carpet
  • Kitchen Description:Disposal, Microwave, Range Hood, Range/Oven: Free Stdng., Range: Gas, Refrigerator
  • Living area:1,400 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Gas: Central

Structure and exterior

  • Roof:Asphalt
  • Year built:2023
  • Building area:1,400 sq. ft.
  • Lot area:0.02 Acres
  • Lot Features:Flat, Road: Paved, Sidewalks, Sprinkler: Auto-Full
  • Architectural Style:Townhouse
  • Levels:2 Story

Schools

  • High school:Cedar
  • Middle school:Cedar Middle School
  • Elementary school:North

Utilities

  • Water:Culinary, Water Connected
  • Sewer:Sewer Connected, Sewer: Connected

Finances and disclosures

  • Price:$323,000
  • Price per sq. ft.:$230.71
  • Tax amount:$1,750

Features and amenities

  • Laundry features:Dryer, Electric Dryer Hookups, Washer
  • Amenities:Alarm: Fire, Closet: Walk-In, Maintenance, Pet Rules, Pets Permitted, Picnic Area, Playground, Smart Thermostat(s), Trash, Video Camera(s), Video Door Bell(s), Water, Window Coverings

Parking

  • Total parking spaces:4
  • Parking description:2 Car Garage, Attached, Attached Garage, Garage Door Opener
  • Garage spaces:2

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