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1247 S 500 W RD, Richfield, UT 84701
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$539,900
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Home Details for 1247 S 500 W RD
Price
$539,900
Type
Lots/Land
Lot Size
1.13
County
Sevier
Tax
$300
MLS®️ Listing#
2026967
On exitrealty.com
328 days
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. Buyer to perform all due diligence and verify information independently. Information provided as a courtesy.
- Cooling Information
- None
- Heating Information
- None
School Information
School Information for 1247 S 500 W RD
Elementary School
Ashman
Middle School
Red Hills
High School
Richfield
Listing Courtesy: NRE - 801-382-9297
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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. Properties may or may not be listed by the office/agent presenting the information.Last Updated: 2025-04-18 12:00:54
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$539,900
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