529 S MAY, Cedar City, UT 84720
- Beds
- 3
- Baths
- 2
- Sqft
- 1,400
- Garage
- Yes
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Overview
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
Full feature list
Basic info
- Property type
- Townhouse
- Number of stories
- 2
- Number of bedrooms
- 3
- Number of bathrooms
- 2
- Square feet
- 1,400
- Lot size (acres)
- 0.02
- Year built
- 2023
Interior features
- Laundry
- Electric Dryer Hookup
Garage and parking
- Garage parking spaces
- 2
Utilities
- Heating
- Central, Forced Air, Natural Gas
- Cooling
- Central Air
Estimated monthly costs
- HOA Fees
- $150
Taxes
- Tax Annual Amount
- $1,750
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Utah Real Estate (Wasatch Front) MLS®#: 2156355 Last checked: …

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.