797 W 50 N, Richfield, UT 84701

• 36 beds |
• 24 baths |
• 13,800 sqft

Property Description

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.

Listing Status:

Active

Date Added:

August 9, 2025 at 06:00AM

Listing Office:

Green Valley Brokers : 435-893-7253

Listing Agent:

Michael S Shaver : 435-893-7253

MLS ID:

2104671

Interior

• General: Bath: PrimaryDisposalRange/Oven: Free Stdng.Dishwasher: Built-In
• Laundry: Electric Dryer Hookup
• Flooring: CarpetTile
• Heating: Forced Air
• Disability Feature: Accessible EntranceSingle Level LivingCustomized Wheelchair Accessible

Exterior

• General: Double Pane Windows
• Style: Stories: 3
• Parking: Parking spaces: 0

Construction

• Roofing: AsphaltPitched
• General: Blt./Standing

Location

• Originating MLS: UtahRealEstate.com
• School District: Sevier
• County: Sevier

Lot

• Topography: Sprinkler: Auto-Part
• Landscaping: Landscaping: Part
• Zoning: Multi-Family6-1A-37
• Current Use: Residential

Utilities

• Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected
• Water: Culinary
• Sewer: Sewer: ConnectedSewer: Public

Financial

• Source: UtahRealEstate.com

This listing courtesy of Michael S Shaver, Green Valley Brokers