550 West 1750 N

• Currently Zoned R-M-3, 24 Units Per Acre • Cedar City has experienced a steady population growth over the past decade, driving a high demand for new housing options. • Location is right next to I-15 making it ideal for easy marketing as well a great location for tenants working and going to school in the area. 6,903 2023 EST. POPULATION 29,569 2023 EST. POPULATION 50,126 2023 EST. POPULATION 2,320 2023 EST. HOUSEHOLDS 9,947 2023 EST. HOUSEHOLDS 16,499 2023 EST. HOUSEHOLDS $75,252 2023 EST. AVERAGE HH INCOME $73,097 2023 EST. AVERAGE HH INCOME $81,203 2023 EST. AVERAGE HH INCOME 1 MILE 3 MILE 5 MILE • Cap Rate: None • Price Includes 18 Acre Feet of Water • Seller has preliminary plans showing a layout for 144 units. • Median home price in Cedar City has increased by 12% since 2019, making renting more attractive.