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$2,850,000
36
Beds
24
Baths
13,800
Sqft
797 W 50 N, Richfield, Utah, 84701
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MLS# 2104671
Cash cow investment with 100% occupancy near Snow College
$2,850,000
797 W 50 N, Richfield, Utah, 84701
36
Beds
24
Baths
13,800
Sqft
0.010
Acres
$2,850,000
797 W 50 N, Richfield, Utah, 84701
36 Beds
24 Baths
13,800 Sqft
0.010 Acres
Accessibility Features
Accessible Approach with Ramp
Cash cow investment with 100% occupancy near Snow College Richfield campus. This is an incredibly rare opportunity to own a fully occupied, well-maintained 12-unit apartment complex in the heart of Richfield, Utah - just steps from Snow College. With stable, long-term tenants and a proven history of consistent rental income, this property is a true turnkey investment. Current rents average $1,041/month per unit, well below market value - which means there's a strong potential upside. Similar units in the area are renting for around $1,400/month, offering immediate potential to significantly increase cash flow. Prime location provides lasting value. Located in one of Richfield's most desirable neighborhoods, this property benefits from its proximity to Snow College, ensuring ongoing rental demand and strong property values. The grounds are meticulously maintained, and the surrounding area is quiet, safe, and family-oriented. The building attracts quality tenants-primarily working families-who pay on time and value the sense of community. 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, creating a welcoming, relaxed environment. Proven management provide responsive, same-day maintenance and a family-like management approach have fostered a strong sense of trust and loyalty among tenants, making this a positive influence on the wider community. This listing is for 1 of 2 buildings available. Each building has 12 units, and both buildings can be purchased separately or together as a pair for maximum investment value and income opportunity. Other listing is MLS #2104672.
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Property Details
36 Beds
24 Baths
13,800 Sqft
Built 2008
0.010 Acres
No Patio
Forced Air
Siding : Brick, Stucco
Asphalt Roof
$10,331 Property Tax
WILLOW CREEK Community
Sevier County
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Location
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Ad Statistics
Ad Number
7044775
Viewed
38 times
Added
Dec 04, 2025
Updated on
Dec 04, 2025
Listing Information
Data Source
UtahRealEstate.com
Source Property ID
2104671
Compliance
Listing Agent: Michael S Shaver, Green Valley Brokers, 435-893-1682, 435-893-7253 Listing Site, Listing Status: Active
Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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