For Sale
$879,000

270 600Richfield, UT 84701

Turnkey 4-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 270 W 600 S in Richfield, Utah, zip code 84701. The property, built in 1978, sits on a 0.28-acre lot and boasts a total of 3,360 square feet across two stories. Currently operating at 100% occupancy (excluding brief remodel periods), this property offers immediate income generation. The lower two units have recently undergone complete renovations, including new kitchens, flooring, paint, cabinets, bathrooms, and energy-efficient mini-split heat pumps. The upper two units feature long-term tenants (five+ years each), providing stability and consistent rental income. The asking price is $879,000. City water expenses ($220/month for all four units) and landscaping are covered by the landlord, minimizing management hassles. Located near Main Street and all schools, this property benefits from a strong rental market demand, particularly for student housing, presenting significant potential for future rental income growth. This turnkey investment is ideal for both seasoned and new investors seeking a stable and profitable addition to their portfolio. The property's strong tenancy and recent renovations ensure a hassle-free transition for the new owner. This is a rare opportunity to acquire a high-performing multifamily property in a thriving college town.

Property Details for 270 600

Property type
Apartment buildings
Square Feet
3,360 SF
Year Built
1978
Stories
2
Lot Size (sq. ft)
12,197 SF
Units
4

Location Insight

City
Richfield
County
Sevier
State
Utah
Latitude
38.7600736
Longitude
-112.08944
270 600, Richfield, Utah

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
270 600
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message