Price Reduced

View of front of property featuring a mountain view

Living room featuring wood walls, wood-type flooring, and a textured ceiling

Living room with a textured ceiling and light wood-type flooring

Unfurnished bedroom featuring ornamental molding, light wood-type flooring, a textured ceiling, and a closet

Living room featuring a tile fireplace, wood-type flooring, and a textured ceiling

Kitchen with kitchen peninsula, crown molding, and light wood-type flooring

Kitchen featuring white appliances, sink, light wood-type flooring, a textured ceiling, and white cabinetry

Kitchen with white appliances, light hardwood / wood-style flooring, and white cabinetry

Bedroom with ensuite bath, ornamental molding, and light hardwood / wood-style flooring

Bedroom with light wood-type flooring and ornamental molding

Bedroom featuring light wood-type flooring, a closet, and ornamental molding

Bedroom featuring light hardwood / wood-style flooring, multiple windows, and ornamental molding

Bedroom featuring light wood-type flooring, ornamental molding, and a closet

Spacious closet featuring light hardwood / wood-style flooring

Bathroom with vanity, toilet, and wood-type flooring

Bathroom with wood-type flooring and toilet

Foyer with wood-type flooring, a textured ceiling, and brick wall

Empty room with hardwood / wood-style flooring, a textured ceiling, and brick wall

Kitchen with hardwood / wood-style floors, white refrigerator, a wall mounted AC, and brick wall

Unfurnished bedroom with brick wall, a textured ceiling, dark hardwood / wood-style floors, white fridge, and a closet

Kitchen with white appliances, dark wood-type flooring, sink, gray cabinets, and a wall unit AC

Bathroom with a wealth of natural light, vanity, and toilet

Bathroom featuring tiled shower / bath combo and toilet

Kitchen with white appliances, dark wood-type flooring, gray cabinets, light stone countertops, and a wall unit AC

Kitchen with gray cabinetry, sink, a textured ceiling, light hardwood / wood-style floors, and brick wall

Kitchen featuring white appliances, white cabinets, sink, light hardwood / wood-style flooring, and a wall mounted AC

Kitchen featuring electric panel, light hardwood / wood-style flooring, white cabinets, and a wall mounted AC

Bedroom featuring a wall mounted AC, a textured ceiling, light hardwood / wood-style flooring, and ceiling fan

Bedroom with a textured ceiling, ceiling fan, light hardwood / wood-style flooring, and wood walls

Bathroom with hardwood / wood-style floors, a textured ceiling, and shower / tub combo with curtain

Kitchen featuring light wood-type flooring, white appliances, white cabinets, and an AC wall unit

Sitting room featuring hardwood / wood-style flooring, ceiling fan, and ornamental molding

Kitchen with light hardwood / wood-style flooring, a wall mounted AC, white fridge, white cabinets, and ornamental molding

Living room featuring light wood-type flooring, an AC wall unit, and crown molding

Washroom featuring washer and clothes dryer

Clothes washing area with independent washer and dryer

Interior space featuring concrete flooring

Interior space featuring concrete flooring and electric panel

Snow covered building featuring a mountain view

Snow covered back of property featuring central AC unit

Snowy aerial view featuring a mountain view

Listed By Real Broker, LLC, Adam Lancaster.
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

$2,250,000

($162/SF) • $/month

Listing Price

Down payment

Length of Loan

Interest Rate

Property Taxes

/year

HOA

/month

Insurance

/year

estimated monthly payment:

Price Change: $-249,000 (1 Day Ago)

14 Bed •

22 Bath •

13,920 SF •

1.24 AC

1180 S Cove View Rd

Richfield, UT 84701

Subdivision

MLS# 2053214

73 Days on Market

Jennifer Stickler Jennifer@mountainluxury.com 801.430.0073 Principal Broker

Prime investment opportunity in Richfield, Utah! This 20-unit multi-family complex is situated in a rapidly growing area, thanks to Snow College's expanding presence and the region's strong economic development. Recently remodeled from a former hotel into modern apartments, the property offers significant upside potential with 13 of the 20 units currently leased. Conveniently located in an up-and-coming part of town, tenants enjoy proximity to Walmart, Home Depot, Snow College, Richfield High School, and quick freeway access. This property is priced at an attractive 7% cap rate and comes with the added benefit of a professional property manager with a stellar track record of overseeing 150+ doors in the Richfield area. The property manager is eager to stay on and continue leasing the remaining units while ensuring smooth operations for this turnkey investment. With strong rental demand fueled by Snow College's growth and a desirable location, this property presents an exceptional opportunity for seasoned and new investors alike. Don't miss your chance to secure this high-potential asset in the thriving Richfield market.

UTILITIES

Heating

Electric

Cooling

unspecified

Water/Sewer

Culinary, Sewer: Connected

Electric

unspecified

Info

Year Built

1947

Garage

None

Style

Stories: 1

2020 Taxes

$5,635

NAME	GRADES	DISTANCE
Ashman Elementary	K - 2	1.7 miles
Red Hills Jr. High	6 - 8	1.1 miles
Richfield High School	9 - 12	1.4 miles

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Listed By Real Broker, LLC, Adam Lancaster.
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

$2,250,000

1180 S Cove View Rd

Richfield, UT 84701

MLS# 2053214

73 Days on Market

Description

Details

Schools

UTILITIES

Info

Listed By Real Broker, LLC, Adam Lancaster. | Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

$2,250,000

1180 S Cove View Rd

Richfield, UT 84701

MLS# 2053214

73 Days on Market

Description

Details

Schools

UTILITIES

Info

Listed By Real Broker, LLC, Adam Lancaster.
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.