1180 S 500 W RD, Richfield, UT 84701

  • $629,000
  • $629,000
1180 S 500 W RD, Richfield, UT 84701
For Sale

1180 S 500 W RD, Richfield, UT 84701

1180 S 500 W RD, Richfield, UT 84701
  • $629,000
  • $629,000

Overview

Property ID: HZ10319740
  • Land
  • Property Type

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.

  • Address 1180 S 500 W RD
  • City Richfield
  • State/county UT
  • Zip/Postal Code 84701
  • Country United States

Details

Updated on October 3, 2024 at 9:27 pm
  • Property ID: HZ10319740
  • Price: $629,000
  • Land Area: 1.13 Acres
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: 2026967
  • Office Name: NRE
  • Agent Name: Austin Seegmiller
  • MLS Status: Active

Additional details

  • Tax Annual: 300
  • County: Sevier
  • Property SubType: Residential
  • Elementary School: Ashman
  • Middle/Junior School: Red Hills
  • High School: Richfield

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