270 600 Richfield, UT 84701

This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 270 W 600 S in Richfield, Utah, zip code 84701. The property, built in 1978, sits on a 0.28-acre lot and boasts a total of 3,360 square feet across two stories. Currently operating at 100% occupancy (excluding brief remodel periods), this property offers immediate income generation. The lower two units have recently undergone complete renovations, including new kitchens, flooring, paint, cabinets, bathrooms, and energy-efficient mini-split heat pumps. The upper two units feature long-term tenants (five+ years each), providing stability and consistent rental income. The asking price is $879,000. City water expenses ($220/month for all four units) and landscaping are covered by the landlord, minimizing management hassles. Located near Main Street and all schools, this property benefits from a strong rental market demand, particularly for student housing, presenting significant potential for future rental income growth. This turnkey investment is ideal for both seasoned and new investors seeking a stable and profitable addition to their portfolio. The property's strong tenancy and recent renovations ensure a hassle-free transition for the new owner. This is a rare opportunity to acquire a high-performing multifamily property in a thriving college town.