UT > Richfield
Richfield, UT 84701
Richfield, UT 84701
Richfield, UT 84701
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$628,900
Est. payment /mo
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36 BD
34 BA
22,548 SqFt
Active

Richfield, UT 84701

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Saudi Jensen

Saudi Jensen

+1(801) 554-5072

UPDATED:

12/06/2024 05:34 PM

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

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential

Private Pool No

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

Listing Terms Assumable, Cash, Conventional, Exchange, Owner 2nd, Seller Finance, Seller Will Subordinate

Listed by NRE

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agent

Saudi Jensen

Agent | License ID: 11281639-SA00

+1(801) 554-5072

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