1247 S 500 W, Richfield, UT 84701

$539,900

bedrooms

bathrooms

square feet

Acreage

1.13

Open Houses

year built

Full Baths

Half Baths

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**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.

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MLS number: 2026967

Listing agent: Austin Seegmiller

Listing broker: Nre (801) 641-7253

Last update: Friday, April 18 2025 at 4:40 p.m. EDT

Kotohomes National