1180 S 500 Rd W
Richfield, UT 84701
- – beds
- – baths
- – sqft
- ~1 acre lot
**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.
Last checked:
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Last updated Nov 13, 2024
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MLS# 2026967 —
The Building
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New Construction:false
Interior
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Fireplace:false
Room Dimensions
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Living Area Units:Square Feet
Location
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Cross Street:1220
The Property
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View:false
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Parcel Number:1-7A-123
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Property Type:Land
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Property Subtype:Residential
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Property Condition:Blt./Standing
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Zoning:Multi-Family
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Zoning Description:RM24
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Current Use:Residential,Commercial,Multi-Family
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Direction Faces:West
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Waterfront:false
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Horse:false
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Lot Size Acres:1.13
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Lot Size Area:1.13
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Lot Size Dimensions:0.0x0.0x0.0
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Lot Size SqFt:49222.8
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Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Annual Amount:300.0
Heating & Cooling
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Heating:false
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Cooling:false
Schools
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Elementary School:Ashman
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Elementary School District:Sevier
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Middle Or Junior School:Red Hills
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Middle Or Junior School District:Sevier
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High School:Richfield
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High School District:Sevier
The Community
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Senior Community:false
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Pool Private:false
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Spa:false
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Open Parking:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/2/24
Oct 2, 2024
|
Listed / Active | WFRMLS | $629,000 |
