For sale MLS# 2186822 · 38 days on the market
$2,589,000
It starts with a call with an agent.
819 W 50 N, Richfield, UT 84701
About this home
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.
Written by the listing agent.
Location
Living in Richfield
Richfield is the county seat of Sevier County and the largest city in southern-central Utah, located just off Interstate 70 approximately 40 miles east of its junction with Interstate 15.
- 8,201 residents (2020)
- 8 named trails
- 2 named parks
Monthly payment
- Principal & interest
- $14,347
- Property tax
- $861
- Home insurance
- $110
10% down ($258,900), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Stories: 3
- Lot
- 0.01 acres
- Subdivision
- WILLOW CREEK
- Heating
- Forced Air
- Flooring
- Carpet, Tile
- Roof
- Asphalt, Pitched
See all 11 details
- Construction
- Brick, Stucco
- Water
- Culinary
- Sewer
- Sewer: Connected, Sewer: Public
- County
- Sevier
- Zoning
- Multi-Family
- Bath: Primary
- Disposal
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
- Double Pane Windows
- Sprinkler: Auto-Part
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
See all 11 features
Interior
- Bath: Primary
- Disposal
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
Exterior
- Double Pane Windows
Lot features
- Sprinkler: Auto-Part
Utilities
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Sewer: Public
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Sevier
Listing courtesy of Green Valley Brokers / Mason C Shaver. Based on information from UtahRealEstate.com as of 9/22/2026 4:23 PM. 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.