PROPERTY DETAILS
The home for sale at 1180 S COVE VIEW RD Richfield, UT 84701 has been listed at $2,250,000 and has been on the market for 96 days.
Prime investment opportunity in Richfield, Utah! This 20-unit multi-family complex is situated in a rapidly growing area, thanks to Snow Colleges expanding presence and the regions strong economic development. Recently remodeled from a former hotel into modern apartments, the property offers significant upside potential with 13 of the 20 units currently leased. Conveniently located in an up-and-coming part of town, tenants enjoy proximity to Walmart, Home Depot, Snow College, Richfield High School, and quick freeway access. This property is priced at an attractive 7% cap rate and comes with the added benefit of a professional property manager with a stellar track record of overseeing 150+ doors in the Richfield area. The property manager is eager to stay on and continue leasing the remaining units while ensuring smooth operations for this turnkey investment. With strong rental demand fueled by Snow Colleges growth and a desirable location, this property presents an exceptional opportunity for seasoned and new investors alike. Dont miss your chance to secure this high-potential asset in the thriving Richfield market.
Let me assist you on purchasing a house and get a FREE home Inspection!
General Information
-
Price
$2,250,000 249.0k
-
Days on Market
96
-
Area
Central Sevier
-
Total Bedrooms
14
-
Total Bathrooms
22
-
House Size
13920 Sq Ft
-
Address
1180 S COVE VIEW RD Richfield, UT 84701
-
HOA
NO
-
Lot Size
1.24
-
Price/sqft
161.64
-
Year Built
1947
-
MLS
2053214
-
Status
Active
-
City
-
Term Of Sale
Cash,Conventional
Inclusions
- Ceiling Fan
- Microwave
- Range
- Refrigerator
Interior Features
- Disposal
- Range/Oven: Built-In
Exterior Features
- Double Pane Windows
- Porch: Open
- Storm Doors
Building and Construction
- Roof: Asphalt
- Exterior: Double Pane Windows,Porch: Open,Storm Doors
- Construction: Brick
- Foundation Basement: d d
Garage and Parking
- Garage Type: No
- Garage Spaces: 0
Land Description
- Terrain
- Flat
- View: Mountain
Price History
Jan 28, 2025
$2,250,000
Price decreased:
-$249,000
$161.64/sqft
Dec 04, 2024
$2,499,000
Just Listed
$179.53/sqft
LOVE THIS HOME?
Schedule a showing or ask a question.
Kristopher
Larson
435-414-8597
Kristopher
Larson
435-414-8597
se habla español
Schools
- Highschool: Richfield
- Jr High: Red Hills
- Intermediate: Red Hills
- Elementary: Ashman
This area is Car-Dependent - very few (if any) errands can be accomplished on foot. Minimal public transit is available in the area. This area is Somewhat Bikeable - it's convenient to use a bike for a few trips.
Other Property Info
- Area: Central Sevier
- Zoning: Multi-Family, Commercial
- State: UT
- County: Sevier
- This listing is courtesy of: Adam LancasterReal Broker, LLC.
Utilities
Natural Gas Connected
Electricity Connected
Sewer Connected
Water Connected
This data is updated on an hourly basis. Some properties which appear for sale on
this
website
may subsequently have sold and may no longer be available. If you need more information on this property
please email kris@bestutahrealestate.com with the MLS number 2053214.
PUBLISHER'S NOTICE: All real estate advertised herein is subject to the Federal Fair
Housing Act
and Utah Fair Housing Act,
which Acts make it illegal to make or publish any advertisement that indicates any
preference,
limitation, or discrimination based on race,
color, religion, sex, handicap, family status, or national origin.
