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
- Flooring Type: Tile
- Interior: Disposal, Range/Oven: Built-In
- Total Bedroom Count: 14
- Attached Garage: No
- Private Pool: No
- Parking: Parking: Uncovered
- View: Mountain(s)
- Exterior: Double Pane Windows, Porch: Open, Storm Doors
- Architectural Style: Stories: 1
- Heating: Electric
- List Price: $2,250,000
- Price/SqFt: $161
- Annual Tax Amount: $5,852
- Tax Year: 2023
- Year Built: 1947
- Stories: 0
- Living Area: 13,920 SqFt
- Lot Size: 1.24 Acres
- 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: 6/23/2025, 12:45:28 AM 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
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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. Residents of Richfield, UT typically earn between $35k-100k each year. Typical family type is married, with kids. Typical level of education for residents in this area is post secondary degree.
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
Frequently asked questions
About 1180 S Cove View Rd
The listing price of 1180 S Cove View Rd property is $2,250,000.
The property 1180 S Cove View Rd is a multi located in Richfield, Utah, 84701.
Active Listing: 1180 S Cove View Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1180 S Cove View Rd are: Pahvant School (GreatSchools Rating 6/10), Monroe School (GreatSchools Rating 6/10), Salina School (GreatSchools Rating 5/10), Red Hills Middle School (GreatSchools Rating 4/10), South Sevier Middle School (GreatSchools Rating 7/10), North Sevier Middle School (GreatSchools Rating 5/10), Richfield High School (GreatSchools Rating 6/10), Cedar Ridge High School (GreatSchools Rating 1/10), South Sevier High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $5,852 (source: MLS/based on county public records data).
The property 1180 S Cove View Rd is 13,920 SqFt (source: MLS/tax record).
The year of construction for 1180 S Cove View Rd is 1947.
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.
Between April and May 2025, Richfield, UT real estate market has seen increase in the number of listings by 30.3%. While the average time on the market in May 2025 was 111 days, the median list price was $399,000.