1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701
1180 S COVE VIEW RD Richfield, UT 84701

1180 S COVE VIEW RD Richfield, UT 84701

For Sale $2,250,000
14 beds
22 baths
13,920 sqft
1.24 acres
1947 year

PROPERTY DETAILS

About This Property

This 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 240 days.

Full Description

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.

Property Highlights

  • 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.
  • Spacious home with 14 bedrooms. Perfect for a growing family.
  • Generous living space with 13,920 square feet. Plenty of room for everyone.
  • Large lot size of 1.24 acres. Great for outdoor activities.

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 240 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.


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General Information

  • Price

    $2,250,000   249.0k

  • Days on Market

    240

  • Area

    Central Sevier

  • Total Bedrooms

    14

  • Total Bathrooms

    22

  • House Size

    13920 Sq Ft

  • Address       

    1180 S COVE VIEW RD Richfield, UT 84701

  • Listed By   

    Real Broker, LLC

  • HOA

    NO

  • Lot Size

    1.24

  • Price/sqft

    161.64

  • Year Built

    1947

  • MLS

    2053214

  • Status

    Active

  • City

    Richfield

  • 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:

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


Mortgage Calculator

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Rates updated: Aug 2, 6:00 AM

Estimated Monthly Payment

$0
Principal & Interest $0
Property Tax (est) $0
Home Insurance $0
Loan Amount: $0
Total Interest Paid: $0
Total Amount Paid: $0



Other Property Info

  • Area: Central Sevier
  • Zoning: Multi-Family, Commercial
  • State: UT
  • County: Sevier
  • This listing is courtesy of:: Adam Lancaster Real Broker, LLC.

Utilities

  • Natural Gas Connected

  • Electricity Connected

  • Sewer Connected

  • Water Connected


Based on information from UtahRealEstate.com as of 2024-12-04 14:25:50. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

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