NRE
Description
**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.
Details
Updated on 2025/04/18 17:26:53 pm- Property ID: 2053171
- Price: $539900
- Property Size: 22548 Sq Ft
- Year Built: 2025
- Property Type: > 4 Units
- Property Status: Active
- Style:
Additional details
- Brokerage Commission:
- Zoning:
- Total Bathrooms: 34
- Lot Size In Acres: 1.13
- Total Bedrooms: 36
- Equipment:
School Details
- Elementary School : Ashman
- Elementary School District : Sevier
- High School : Richfield
- High School District : Sevier
- Middle School : Red Hills
- Middle School District: Sevier
Mortgage Calculator
- Principal & Interest $4,849.00
- Property Tax $250.00
- Home Insurance $83.33
- PMI $1,000.00
