1180 S Cove View Rd
Richfield, UT 84701
- 14 beds
- 22 baths
- 13,920 sqft
- ~1 acre lot
- $161 per sqft
- 1947 build
Prime investment opportunity in Richfield, Utah! This 20-unit multi-family complex is situated in a rapidly growing area, thanks to Snow College's expanding presence and the region's 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 College's growth and a desirable location, this property presents an exceptional opportunity for seasoned and new investors alike. Don't miss your chance to secure this high-potential asset in the thriving Richfield market.
Last checked:
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Last updated Jan 28, 2025
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MLS# 2053214 —
The Building
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Year Built:1947
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New Construction:false
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Construction Status:Blt./Standing
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Construction Materials:Brick
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Architectural Style:Stories: 1
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Roof:Asphalt
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Exterior Features:Double Pane Windows,Porch: Open,Storm Doors
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Patio And Porch Features:Porch: Open
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Window Features:Blinds
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# of Units Total:20
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Building Area Total:13920.0
Interior
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Interior Features:Disposal,Range/Oven: Built-In
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Flooring:Tile
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Fireplace:false
Room Dimensions
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Living Area:13920.0
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Living Area Units:Square Feet
The Property
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View:Mountain(s)
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View:true
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Parcel Number:1-7A-22
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Property Type:Residential
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Property Subtype:> 4 Units
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Property Condition:Blt./Standing
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Zoning:Multi-Family, Commercial
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Current Use:Residential
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Topography:Terrain, Flat, View: Mountain
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Waterfront:false
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Vegetation:Landscaping: Part,Mature Trees
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Horse:false
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Lot Features:View: Mountain
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Lot Size Acres:1.24
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Lot Size Area:1.24
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Lot Size Dimensions:0.0x0.0x0.0
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Lot Size SqFt:54014.4
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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:5635.0
Beds
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Bedrooms Total:14
Baths
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Baths:22
Heating & Cooling
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Heating:true
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Heating:Electric
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Cooling:false
Utilities
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Utilities:Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
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Sewer:Sewer: Connected
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Water Source:Culinary
Appliances
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Inclusions:Ceiling Fan, Microwave, Range, Refrigerator
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:true
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Open Parking Spaces:60.0
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Parking Total:60.0
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Parking Features:Parking: Uncovered
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).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/28/25
Jan 28, 2025
|
Price Changed | WFRMLS | $2,250,000 | -10.0% |
|
12/4/24
Dec 4, 2024
|
Listed / Active | WFRMLS | $2,499,000 |
