1170 S Cove View Rd Richfield, UT 84701
Estimated payment $6,745/month
Highlights
- Mountain View
- Carpet
- No Heating
- No HOA
About This Home
Investment Opportunity The Royal Inn Don't miss this rare opportunity to own a 24-room motel located in a growing and increasingly popular area of town. This well-maintained property offers strong current income with significant upside potential as the surrounding community continues to expand. With high occupancy this property is already a solid performer. There's ample room for revenue growth as updates and enhancements are made to the guest rooms and amenities. Whether you're a seasoned investor or new to hospitality, the Royal Inn offers a stable cash flow and the chance to increase returns through strategic improvements. A solid investment in a prime location-schedule your private tour today and explore the full potential of this hospitality gem. Seller is a licensed Real Estate Broker.
Listing Agent
Coldwell Banker Preferred Properties License #5484730 Listed on: 07/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,037
Year Built
- Built in 1978
Lot Details
- 1 Acre Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 13,014 Sq Ft Home
- Mountain Views
Flooring
- Carpet
- Linoleum
Bedrooms and Bathrooms
- 24 Bedrooms
- 24 Bathrooms
Parking
- 40 Open Parking Spaces
- 40 Parking Spaces
Schools
- Ashman Elementary School
- Red Hills Middle School
- Richfield High School
Utilities
- No Cooling
- No Heating
- Natural Gas Connected
Community Details
- No Home Owners Association
- 24 Units
Listing and Financial Details
- Assessor Parcel Number 6-65-1
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,614 | $769,545 | $159,865 | $609,680 |
| 2023 | $7,614 | $694,055 | $84,375 | $609,680 |
| 2022 | $6,081 | $555,240 | $67,500 | $487,740 |
| 2021 | $6,998 | $537,740 | $50,000 | $487,740 |
| 2020 | $5,425 | $398,390 | $50,000 | $348,390 |
| 2019 | $5,036 | $398,390 | $50,000 | $348,390 |
| 2018 | $5,622 | $398,390 | $50,000 | $348,390 |
| 2017 | $5,207 | $352,190 | $50,000 | $302,190 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | For Sale | $1,100,000 | -- | $85 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | First American Title Ins Co | |
| Warranty Deed | -- | Accommodation | |
| Warranty Deed | -- | Professional Title Services | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $550,000 | Commercial |
Source: UtahRealEstate.com
MLS Number: 2098075
APN: 6-65-1
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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc.. 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.
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