1180 S Cove View Rd Richfield, UT 84701
Property details
About 1180 S Cove View Rd
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.
Highlights
Summary
- MLS Number: 2053214
- MLS Name: UtahRealEstate.com
- Office Name: Real Broker, LLC
- Listing Agent: Adam Lancaster
Based on information from UtahRealEstate.com All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable but not guaranteed accurate. The compilation of listings and each individual listing are Copyright © 2025 UtahRealEstate.com All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,250,000
1180 S Cove View Rd
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $585,212 | $5,852 |
| 2022 | $326,518 | $3,576 |
| 2021 | $264,433 | $3,575 |
| 2020 | $137,500 | $1,840 |
| 2019 | $137,500 | $1,940 |
| 2017 | $294,420 | $1,940 |
History based on county public records data.
Nearby schools
6
Pahvant School
Public District 3-5
1.7 mi
•520 N 300 W
6
Monroe School
Public District KG-5
8.4 mi
•40 W Center St
5
Salina School
Public District KG-5
19.1 mi
•210 W 300 N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,358. Typical income of Richfield, UT residents is between $35k-100k annually. The majority of families are married, with kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Extreme Sports
College Football
Motocross
Where do the neighbors shop?
Academy Sports & Outdoors
Express/Express For Men
GameStop
Where do the neighbors go to eat?
Little Caesars
Sonic
Cracker Barrel
What do the neighbors drive?
Chevrolet
Kia
Jeep
What do the neighbors listen to?
Country
New Country- Classic Country
This home is located at 1180 S Cove View Rd in Richfield, UT and zip code 84701. This 13,920 square foot home, which was built in 1947, sits on a 1.24 acre lot. Features: 14 bedrooms, 22 bathrooms. It has been listed on Rocket Homes since December 4, 2024 and is currently priced at $2,250,000.
In February 2025 in Richfield, UT there were equal homes for sale than in January. Listings spent 109 days on the market in February 2025, and had a median list price of $350,000 during the same period.