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.
Address
Open on Google Maps- Address 1180 S 500 W RD
- City Richfield
- State/county UT
- Zip/Postal Code 84701
- Country United States
Details
Updated on October 7, 2024 at 4:21 am- Property ID: HZ23937089
- Price: $629,000
- Land Area: 1.13 acre lot
- Property Type: Lots/Land
- Property Status: For Sale
- MLS#: 2026967
- Office Name: NRE
- Agent Name: Austin Seegmiller
- MLS Status: Active
Additional details
- Listing Terms: Cash,Conventional,Seller Finance
- Lot Size Dimensions: 0.0x0.0x0.0
- Lot Size Square Feet: 49222.8
- High School District: Sevier
- Elementary School District: Sevier
- Middle or Junior School District: Sevier
- Parcel Number: 1-7A-22
- Zoning: Multi-Family
- Postal City: Richfield
- Current Use: Residential,Commercial,Multi-Family
- Tax Annual: 300
- County: Sevier
- Property SubType: Residential
- Elementary School: Ashman
- Middle/Junior School: Red Hills
- High School: Richfield
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