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Existing Home
, Richfield City, Sevier County, UT 84701

The Home

Status: Active / Style: / New (2025)

/SQF 628,900

EST. Mortgage

$/mo*
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**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.
MLS#: 2053171
Price Decreased From 629,000 To 628,900

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  • 49222.8 Lot Size Sq. Ft.
  • 22548 Finished Sq. Ft.
  • 36 Beds
  • 34 Baths
  • 628,900
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* Estimated Mortgage based on an average mortgage rate of 7.04 30 Year Fixed. This rate is offered with 20% down and a credit score of 740+ Taxes and Insurance not included.
Property Listed By NRE
Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
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