Richfield Multifamily Investment
797 W 50 N, Richfield, UT 84701
MULTI_FAMILY - Other - Richfield, UT
Property size:
13,800 SFLot size:
0.01 AcresPrice / SF:
$206/SF- Added:
- Aug 9, 2025
- Days on Market:
- 280
- Last Refresh:
- May 15 at 4:06 am
Property Features for 797 W 50 N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 36
- Bathrooms
- 24
- Rooms
- Bathroom 12, Bedroom 5, Bedroom 23, Bedroom 6, Bedroom 35, Bedroom 8, Bedroom 29, Bedroom 36, Bathroom 9, Bathroom 2, Bedroom 33, Bedroom 31, Bathroom 22, Bathroom 13, Bathroom 11, Bedroom 32, Bedroom 14, Bathroom 6, Bathroom 15, Bedroom 19, Bathroom 4, Bathroom 23, Bedroom 4, Bedroom 1, Bathroom 16, Bedroom 15, Bedroom 25, Bedroom 26, Bathroom 1, Bathroom 5, Bathroom 21, Bathroom 18, Bedroom 7, Bedroom 12, Bedroom 28, Bedroom 22, Bathroom 7, Bedroom 24, Bathroom 10, Bedroom 30, Bedroom 3, Bathroom 17, Bedroom 21, Bedroom 18, Bedroom 16, Bathroom 20, Bedroom 2, Bedroom 34, Bedroom 9, Bedroom 20, Bedroom 27, Bathroom 14, Bathroom 19, Bedroom 10, Bathroom 24, Bedroom 13, Bathroom 3, Bedroom 17, Bathroom 8, Bedroom 11
- Interior features
- Bath: Primary, Disposal, Range/Oven: Free Stdng., Dishwasher: Built-In
- Exterior features
- Double Pane Windows
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 6-1A-37
- Size
- 13,800 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10331
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 2008
- Floors in Building
- 3
- Number of units
- 12
- Flooring type
- Tile, Carpet
- Building materials
- Brick, Stucco
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Michael S Shaver (435) 893-1682
Listing office Green Valley Brokers 125 N Main Street, Monroe, UT (435) 893-7253
Listing date Aug 9, 2025
MLS# 2104671
Listing URL
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HighLights
- 100% Occupancy: Provides immediate and consistent rental income.
- Below Market Rents: Offers significant potential to increase cash flow.
- Prime Location Near Snow College: Ensures ongoing rental demand.
- Well‑Maintained Property: A turnkey investment.
- Stable, Long‑Term Tenants: Attracts quality tenants.
- Community Amenities: Features a shared community orchard, horseshoe pits, and a barbecue area.
Overview
This is a 12-unit apartment complex in Richfield, Utah, near Snow College. The property is a turnkey investment with a history of rental income. Current rents average $1,041 per month per unit. Similar units in the area are renting for around $1,400 per month. The property is located in a desirable neighborhood and benefits from its proximity to Snow College. The grounds are maintained, and the surrounding area is quiet and safe. The building attracts working families who pay on time. 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. The property is intended as a cash cow investment with 100% occupancy. The property size is 13,800 square feet and the lot size is 0.01 acres. This listing is for 1 of 2 buildings available. Each building has 12 units, and both buildings can be purchased separately or together.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Richfield
- County
- Sevier
- State
- Utah
- Longitude
- -112.098957
- Latitude
- 38.768332
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 12-unit apartment complex near Snow College.
Where is this apartment building located?
The property is located at 797 W 50 N Richfield, UT.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate and consistent rental income.; Below Market Rents: Offers significant potential to increase cash flow.; Prime Location Near Snow College: Ensures ongoing rental demand.
