1 N 300 E Cedar City, UT 84720

Investment Opportunity in the Heart of Cedar City! Exceptional 5-unit apartment complex ideally located in the center of town, directly across from East Elementary and just minutes from Southern Utah University and Cedar High School, offering strong rental appeal and convenience. Each thoughtfully designed unit features 2 bedrooms, 1.5 bathrooms, and a unique 3-level layout with a 2-car garage on the main level, living spaces on the second level, and bedrooms with a full bathroom on the upper level. Quality construction shines throughout with 14'' TJI floor systems and two fully insulated walls between units, providing exceptional sound reduction and privacy. Each unit includes a welcoming mudroom entry, electric baseboard heat, washer and dryer conveniently located near the bedrooms, a dedicated laundry cabinet with hanging bar, and additional storage tucked beneath the garage staircase. Enjoy outdoor living with decks on both upper levels, plus ample uncovered parking in addition to each unit's private 2-car garage. Rare opportunity for future expansion with potential to add 5 additional units on the property (buyer to verify all zoning, density, and development possibilities). Whether expanding your investment portfolio or pursuing a value-add opportunity, this property offers strong income potential in a highly desirable location near schools, university amenities, and everyday conveniences.