USAUTCedar CityOld Sorrel Townhomes Pud529 S May Dr

529 S May Dr, Cedar City, UT

Name: 529 S May Dr, For Sale in Cedar City - eXp Realty
Brand: Century 21 Lifestyle Real Estate
SKU: 2156355
Price: 360000 USD

Townhouse

For Sale

Listed price in listed location currency (USD).

$360,000

324

MLS® 2156355

Key Facts
Description
Map

Key Facts

Type Townhouse

Levels Residential

Size 1400 sqft

Garage Yes

Taxes $1,750

Days Active 0

Lot Size

Approx. Age 2023

Avg. Price Per Sqft $257

MLS® Number 2156355

Property Address: 529 S May Dr, Cedar City, UT, 84720-8540

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number2156355

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age2023

BasementNone

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 9, 2026List Date

$360,000List Price

Commute

Commute

Starting Address

Destination Address

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