797 W 50 N

About this home

This home for sale at 797 W 50 N Richfield, UT 84701 has been listed at $2,850,000 and has been on the market for 95 days.

Full description

Cash cow investment with 100% occupancy near Snow College Richfield campus. This is an incredibly rare opportunity to own a fully occupied, well-maintained 12-unit apartment complex in the heart of Richfield, Utah - just steps from Snow College. With stable, long-term tenants and a proven history of consistent rental income, this property is a true turnkey investment. Current rents average $1,041/month per unit, well below market value - which means there's a strong potential upside. Similar units in the area are renting for around $1,400/month, offering immediate potential to significantly increase cash flow. Prime location provides lasting value. Located in one of Richfield's most desirable neighborhoods, this property benefits from its proximity to Snow College, ensuring ongoing rental demand and strong property values. The grounds are meticulously maintained, and the surrounding area is quiet, safe, and family-oriented. The building attracts quality tenants-primarily working families-who pay on time and value the sense of community. All leases are month-to-month, providing flexibility for future rental adjustments. The property features a shared community orchard with fruit trees, horseshoe pits, and a barbecue area, creating a welcoming, relaxed environment. Proven management provide responsive, same-day maintenance and a family-like management approach have fostered a strong sense of trust and loyalty among tenants, making this a positive influence on the wider community. This listing is for 1 of 2 buildings available. Each building has 12 units, and both buildings can be purchased separately or together as a pair for maximum investment value and income opportunity. Other listing is MLS #2104672.

Property highlights

• With stable, long-term tenants and a proven history of consistent rental income, this property is a true turnkey investment. .
• Cash cow investment with 100% occupancy near Snow College Richfield campus. .
• The grounds are meticulously maintained, and the surrounding area is quiet, safe, and family-oriented. .
• The property features a shared community orchard with fruit trees, horseshoe pits, and a barbecue area, creating a welcoming, relaxed environment. .
• Proven management provide responsive, same-day maintenance and a family-like management approach have fostered a strong sense of trust and loyalty among tenants, making this a positive influence on the wider community. .
• Each building has 12 units, and both buildings can be purchased separately or together as a pair for maximum investment value and income opportunity. .

Property details

Property Type

Residential

Sub-type

> 4 Units

Status

Active

Days on Market

95

Bedrooms

36

Bathrooms

24

Year Built

2008

Stories

0

Living Area

13,800 sq ft

Lot Size

0.01 acres

Price/sqft

$206.52

Parking Total

0.00

County

Sevier

City

Richfield

Subdivision

WILLOW CREEK

Zoning

Multi-Family

Tax Annual

$10,331

Parcel #

6-1A-37

MLS Area

Central Sevier

Listed By

Green Valley Brokers

Inclusions

• Ceiling Fan
• Dishwasher: Portable
• Refrigerator

Interior features

• Bath: Primary
• Disposal
• Range/Oven: Free Stdng.
• Dishwasher: Built-In

Exterior features

• Double Pane Windows

Building & construction

Roof

Asphalt,Pitched

Construction

Brick,Stucco

Flooring

Carpet,Tile

Garage & parking

Parking total

0.00

Covered spaces

0.00

RV parking

0.00

Land description

• Sprinkler: Auto-Part

Utilities

• Natural Gas Connected
• Electricity Connected
• Sewer Connected
• Sewer: Public
• Water Connected

Additional features

Schools

Neighborhood

Located in WILLOW CREEK, Richfield.

Walk · Transit · Bike

Walk 22 Car-Dependent Transit 0 Minimal Transit Bike 51 Bikeable

Most errands require a car. Minimal public transit available. It's convenient to bike for trips.

Price History

Location

Richfield, UT · approximate location