Listing Courtesy of: Adam Lancaster - Real Broker LLC
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1180 COVE VIEW Richfield, UT 84701

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Other Residence
Beds
Baths
13,920 Sq. Ft.
1.24 Acre Lot
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Last updated on 12/21/2024 5:30 PM

Listing Details

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 signi...ficant 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. Continue reading
MLS#
2053214
Property Type
Other
Square Feet
13,920 sq. ft
Lot Size
1.24
Sewer
Sewer Connected
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Listing Courtesy of: Adam Lancaster - Real Broker LLC
Andrea D. Conner, License 11041580-PB00, Xome Inc., License 8732130-CN00, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of the content refresh date/time listed below. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Buyer to verify all information. Properties may or may not be listed by the office/agent presenting the information. The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This content last refreshed on 12/21/2024 5:30 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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