1247 S 500 RD W, Richfield, UT 84701 - MLS#2026967

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Jerome Bennett

jerome@utahhomelistings.com +1(801) 913-1385

$499,000

Est. payment - /mo

1.13 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2026967

HOA Y/N No

Annual Tax Amount $300

Lot Size 1.130 Acres

Acres 1.13

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Residential

Property 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 $1.6 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. Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.

Location

State UT

County Sevier

Area Central Sevier

Zoning Multi-Family

Interior

Fireplace No

Exterior

View Y/N No

Present Use Residential,Commercial,Multi-Family

Private Pool No

Building

Faces West

New Construction No

Schools

Elementary Schools Ashman

Middle Schools Red Hills

High Schools Richfield

School District Sevier

Others

Senior Community No

Tax ID 1-7A-123

Acceptable Financing Cash, Conventional, Seller Finance

Listing Terms Cash, Conventional, Seller Finance

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Listed by NRE

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Jerome Bennett

+1(801) 913-1385

Principal Broker | License ID: 5451352-PB00

Principal Broker License ID: 5451352-PB00

1247 S 500 RD W Richfield, UT 84701

Jerome Bennett

Key Details

Location

Interior

Exterior

Building

Schools

Others

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