1180 S Cove View Rd Richfield UT 84701 | $2,250,000

Property Facts

Days on URE 141

Status ACTIVE

MLS# 2053214

Type > 4 Units

Style 1 - Story

Year Built 1947

Prime investment opportunity in Richfield, Utah! This 20-unit multi-family complex is situated in a rapidly growing area, thanks to Snow College's expanding presence and the region's strong economic development. Recently remodeled from a former hotel into modern apartments, the property offers significant upside potential with 13 of the 20 units currently leased. Conveniently located in an up-and-coming part of town, tenants enjoy proximity to Walmart, Home Depot, Snow College, Richfield High School, and quick freeway access. This property is priced at an attractive 7% cap rate and comes with the added benefit of a professional property manager with a stellar track record of overseeing 150+ doors in the Richfield area. The property manager is eager to stay on and continue leasing the remaining units while ensuring smooth operations for this turnkey investment. With strong rental demand fueled by Snow College's growth and a desirable location, this property presents an exceptional opportunity for seasoned and new investors alike. Don't miss your chance to secure this high-potential asset in the thriving Richfield market.

Property Features

Interior Features

Exterior Features

Other Features

Included in Transaction

Totals

Unit Configuration 1

Total Number Values			Air Conditioning
Number of Units: 10	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 0	Elec (win): 0	Evap: 0
Elec Meters: 0	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 1	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	225	0	1	0	0	0	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	225	0	1	0	0	0	0	0	1	0	0	0	0	0

Current Rent: $900.00 Monthly	Covered Parking: 0	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 2

Total Number Values			Air Conditioning
Number of Units: 6	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 0	Elec (win): 0	Evap: 0
Elec Meters: 0	Disposals: 0	Dishwashers: 0	Evap (win): 0	Pump: 0
Oven-Ranges: 1	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	500	1	1	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	500	1	1	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,100.00 Monthly	Covered Parking: 0	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 3

Total Number Values			Air Conditioning
Number of Units: 3	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 0	Elec (win): 0	Evap: 0
Elec Meters: 0	Disposals: 1	Dishwashers: 1	Evap (win): 0	Pump: 0
Oven-Ranges: 1	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,200	2	1	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,200	2	1	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,300.00 Monthly	Covered Parking: 0	Uncovered Parking: 0	Storage Units: 0

Unit Configuration 4

Total Number Values			Air Conditioning
Number of Units: 1	Deck: 0	Patio: 0	Gas: 0	Elec: 1
Furnished: 0	Unfurnished: 1	Gas Meters: 0	Elec (win): 0	Evap: 0
Elec Meters: 0	Disposals: 1	Dishwashers: 1	Evap (win): 0	Pump: 0
Oven-Ranges: 1	Refrigerators: 1	Solar: 0

Per Unit Values

Lvl	Approx Sq Ft	Bed Rms	Bath			Fam	Den	Formal Living Rm	Kitchen Dining				Laundry	Fireplace
Lvl	Approx Sq Ft	Bed Rms	F	¾	½	Fam	Den	Formal Living Rm	K	B	F	S	Laundry	Fireplace
3+	0	0	0	0	0	0	0	0	0	0	0	0	0	0
2	0	0	0	0	0	0	0	0	0	0	0	0	0	0
1	1,300	2	2	0	0	1	0	0	1	0	0	0	0	0
B	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tot	1,300	2	2	0	0	1	0	0	1	0	0	0	0	0

Current Rent: $1,450.00 Monthly	Covered Parking: 0	Uncovered Parking: 0	Storage Units: 0

Schools

Designated Schools

Elementary School Ashman

Middle School Red Hills

High School Richfield

School District Sevier

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
4	Red Hills Middle School Public Middle School	6-8	0.79 mi
6	Richfield High School Public High School	9-12	1.13 mi
NR	Sevier Career And Technical Education Center Public High School	9-12	1.20 mi
NR	Field Stone Academy Private Middle School, High School	8-10	1.22 mi
1	Cedar Ridge High School Public Middle School, High School	6-12	1.23 mi
NR	Ashman School Public Elementary	K-2	1.26 mi
6	Pahvant School Public Elementary	3-5	1.68 mi
NR	Sevier Connection Online Public Elementary, Middle School, High School	K-12	1.74 mi
NR	Sevier District Preschool, Elementary, Middle School, High School		1.82 mi
7	South Sevier Middle School Public Middle School	6-8	8.36 mi
6	Monroe School Public Elementary	K-5	8.37 mi
4	South Sevier High School Public High School	9-12	8.59 mi
5	North Sevier Middle School Public Middle School	6-8	19.01 mi
5	Salina School Public Elementary	K-5	19.09 mi
6	North Sevier High School Public High School	9-12	19.13 mi

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Adam Lancaster

385-201-6746

Co-Agent

Tyler Day

801-888-7867

Listing Broker

Real Broker, LLC
6975 Union Park Avenue
Suite 600
Cottonwood Heights, UT 84047
801-505-9668

1180 S Cove View Rd

Property Facts