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$ 539,900
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1247 S 500 RD W Richfield, UT 84701
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.
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
Listed by NRE