797 W 50 North
Richfield, UT 84701
$3,125,000 See similar homes
MLS #2104671
Status: Available
By the Numbers
| 36 Bedrooms | 13,800 sq ft |
| 24 Bathrooms | $10,331/year taxes |
| No garage/carport | |
| .01 acres | |
Listed 25 days ago |
|
| Price per Sq Ft = $226 ($226 / Finished Sq Ft) | |
| Year Built: 2008 | |
Rooms / Layout
| Square Feet | Beds | Baths | Laundry |
|---|
Dining Areas
| No dining information available |
Schools & Subdivision
| Subdivision: Willow Creek | |
| Schools: Sevier School District | |
| Elementary: Ashman | |
| Middle: Red Hills | |
| High: Richfield |
Realtor® Remarks:
Cash cow investment with 100% occupancy near Snow College Richfield campus. This is an incredibly rare opportunity to own a fully occupied, well-maintained 12-unit apartment complex in the heart of Richfield, Utah - just steps from Snow College. With stable, long-term tenants and a proven history of consistent rental income, this property is a true turnkey investment. Current rents average $1,041/month per unit, well below market value - which means there's a strong potential upside. Similar units in the area are renting for around $1,400/month, offering immediate potential to significantly increase cash flow. Prime location provides lasting value. Located in one of Richfield's most desirable neighborhoods, this property benefits from its proximity to Snow College, ensuring ongoing rental demand and strong property values. The grounds are meticulously maintained, and the surrounding area is quiet, safe, and family-oriented. The building attracts quality tenants-primarily working families-who pay on time and value the sense of community. All leases are month-to-month, providing flexibility for future rental adjustments. The property features a shared community orchard with fruit trees, horseshoe pits, and a barbecue area, creating a welcoming, relaxed environment. Proven management provide responsive, same-day maintenance and a family-like management approach have fostered a strong sense of trust and loyalty among tenants, making this a positive influence on the wider community. This listing is for 1 of 2 buildings available. Each building has 12 units, and both buildings can be purchased separately or together as a pair for maximum investment value and income opportunity. Other listing is MLS #2104672.Schedule a showing
The
Nitty Gritty
Bath: Primary
Disposal
Free Standing Range/Oven
Dishwasher: Built-In
Find out more info about the details of MLS #2104671 located at 797 W 50 North in Richfield.
Bath: Primary
Disposal
Free Standing Range/Oven
Dishwasher: Built-In
Double Pane Windows
Ceiling Fan
Portable Dishwasher
Refrigerator
Portable Dishwasher
Refrigerator
Auto Sprinklers - Partial
This listing is provided courtesy of my WFRMLS IDX listing license and is listed by seller's Realtor®:
Michael Shaver
, Brokered by: Green Valley Brokers
Similar Homes
36 24 0
$3,125,000
Available
Richfield 84701
13,800 sq ft 0.01 acres
MLS #2104672
MLS #2104672
Cash cow investment with 100% occupancy near Snow College Richfield campus. This is an incredibly rare opportunity to own a fully occupied, well-...
