Homes for sale - , Richfield, UT 84701 – MLS#2053171

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Cheree Pollock

ccpollock@outlook.com +1(801) 259-5565

$ 628,900

Est. payment | -/mo

36 Beds

34 Baths

22,548 SqFt

Save

$ 628,900

Est. payment | -/mo

Save

36 Beds

34 Baths

22,548 SqFt

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

Listed by NRE

+1(801) 259-5565

ccpollock@outlook.com

5965 S 900 E STE 150, Murray, Utah, 84121, United States

Richfield, UT 84701