1247 S 500 Rd W, Richfield, UT 84701
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
1247 S 500 Rd W,Richfield, UT 84701
$499,000
- 1.13 Acres
- Lots / Land
- Active
Listed by:austin seegmiller
Office:nre
MLS#:2026967
Source:SL
Price summary
- Price:$499,000
About this home
**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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Home facts
- Listing Id #:2026967
- Added:170 day(s) ago
- Updated:August 16, 2025 at 10:55 AM
Structure and exterior
- Lot area:1.13 Acres
Schools
- High school:Richfield
- Middle school:Red Hills
- Elementary school:Ashman
Finances and disclosures
- Price:$499,000
- Tax amount:$300
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