View of subject property featuring a mountain backdrop

View of building exterior featuring stairs

Kitchen with light tile patterned floors, freestanding refrigerator, brown cabinets, a textured ceiling, and white dishwasher

Kitchen featuring white appliances, brown cabinetry, light tile patterned floors, and light colored carpet

Bathroom featuring shower / tub combo, vanity, and light tile patterned floors

Full bath with shower / tub combo with curtain and light tile patterned floors

Carpeted spare room with healthy amount of natural light, a textured ceiling, and ceiling fan

Carpeted empty room with a textured ceiling and ceiling fan

Unfurnished room featuring a textured ceiling, light carpet, ceiling fan, and light tile patterned flooring

Unfurnished bedroom with a textured ceiling, light carpet, ceiling fan, and a closet

View of side of property with brick siding and stucco siding

Drone / aerial view of a mountainous background

Aerial perspective of suburban area featuring a mountainous background

Bird's eye view of a mountainous background

Aerial view of residential area featuring a mountain backdrop

Listed By Green Valley Brokers, Michael S Shaver. 435-893-7253
| Data Source: © 2023 Wasatch Front Regional Multiple Listing Service, Inc.

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.