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Richfield,UT 84701
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 22,548 sqft
Price per Sqft $27
MLS Listing ID 2053171
Bedrooms 36
Construction Status To Be Built
HOA Y/N No
Annual Tax Amount $300
Lot Size 1.130 Acres
Acres 1.13
Lot Dimensions 0.0x0.0x0.0
Property Description
**Prime Opportunity Zone Development : Shovel-Ready Land for 28 Apartment Units in Richfield, UT. This property is in a designated Opportunity Zone, offering significant tax incentives to investors, including potential deferral or elimination of capital gains taxes. With projected gross monthly rents of $32,400 this development is poised to yield over $1.5 million in profit upon stabilization, making it an incredibly attractive opportunity for developers and investors alike. **Included in the Sale:** - Civil Plans - Architectural Designs - Geotechnical Report - Topographical Survey - Easements & Utility Plans - Complete Development Packet with all necessary documentation to proceed with construction Reach out for link to full development packet. OM & drawings attached in listing.
Location
State UT
County Sevier
Area Central Sevier
Zoning Multi-Family
Direction 1247-1117 500 W
Interior
Fireplace false
Exterior
View Y/N No
Present Use Residential
Private Pool false
Building
New Construction Yes
Construction Status To Be Built
Schools
Elementary Schools Ashman
Middle Schools Red Hills
High Schools Richfield
School District Sevier
Others
Senior Community No
Tax ID 1-7A-123
Acceptable Financing Assumable,Cash,Conventional,Exchange,Owner 2nd,Seller Finance,Seller Will Subordinate
Horse Property No
Listing Terms Assumable,Cash,Conventional,Exchange,Owner 2nd,Seller Finance,Seller Will Subordinate