1180 S 500 RD W Active Save Request In-Person Tour Request Virtual Tour
Richfield,UT 84701
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026967
Annual Tax Amount $300
Lot Size 1.130 Acres
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 $1.5 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.
Location
State UT
County Sevier
Area Central Sevier
Zoning Multi-Family
Exterior
Waterfront No
View Y/N No
Building
New Construction No
Schools
Elementary Schools Ashman
Middle Schools Red Hills
High Schools Richfield
School District Sevier
Others
Acceptable Financing Cash,Conventional,Seller Finance
Listing Terms Cash,Conventional,Seller Finance