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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 $1.5 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.
| DAYS ON MARKET | 22 | LAST UPDATED | 12/6/2024 |
|---|---|---|---|
| YEAR BUILT | 2025 | COMMUNITY | Central Sevier |
| COUNTY | Sevier | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Ashman |
|---|---|
| Jr. High School | Red Hills |
| High School | Richfield |
| PRICE HISTORY | |
| Prior to Dec 6, '24 | $629,000 |
|---|---|
| Dec 6, '24 - Today | $628,900 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Central Sevier |
| HEAT | None |
| LOT | 1.13 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| TAXES | 300 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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