819 W 50 N, Richfield, UT 84701
819 W 50 N, Richfield, UT 84701
819 W 50 N, Richfield, UT 84701
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The Perry Group

The Perry Group

+1(801) 871-5259
$2,589,000
Est. payment /mo
36 Beds
24 Baths
13,800 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,800 sqft

Price per Sqft $187

Subdivision Willow Creek

MLS Listing ID 2104672

Style Stories: 3

Bedrooms 36

Construction Status Blt./Standing

HOA Y/N No

Year Built 2008

Annual Tax Amount $10,331

Lot Size 435 Sqft

Acres 0.01

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

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 #2104671

Location

State UT

County Sevier

Area Central Sevier

Zoning Multi-Family

Interior

Interior Features Bath: Primary, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Forced Air

Flooring Carpet, Tile

Inclusions Ceiling Fan, Dishwasher: Portable

Fireplace false

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Double Pane Windows

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt,Pitched

Present Use Residential

Topography Sprinkler: Auto-Part

Accessibility Accessible Entrance, Single Level Living, Customized Wheelchair Accessible

Private Pool false

Building

Lot Description Sprinkler: Auto-Part

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Stories: 3

Structure Type Brick,Stucco

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Ashman

Middle Schools Red Hills

High Schools Richfield

School District Sevier

Others

Senior Community No

Tax ID 6-1A-1

Horse Property No

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Listed by Green Valley Brokers

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+1(801) 871-5259
1931 S 1100 E #200, Salt Lake City, UT, 84106, United States
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819 W 50 N