800 W HIGHWAY DR Active Save Request In-Person Tour Request Virtual Tour
Wellington,UT 84542
Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 30,000 sqft
Price per Sqft $151
MLS Listing ID 2117038
Style Stories: 3
Bedrooms 75
Construction Status Blt./Standing
HOA Y/N No
Year Built 1980
Annual Tax Amount $24,904
Lot Size 3.130 Acres
Acres 3.13
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
The Ridges presents a rare opportunity to acquire a 37-unit multifamily community in one of Central Utah's most desirable residential locations. Located just over an hour from Spanish Fork in Utah County, the property has experienced virtually zero vacancy under current management and features spacious, bright units with in-unit laundry, private balconies, and stunning valley views, complemented by a community park and ample covered parking. Offering a stabilized 5.5% cap rate based on below-market rents with 6% interest rate financing assumptions, The Ridges provides immediate income stability and attractive upside potential through rent growth, operational efficiencies, and incremental property improvements. Ideally positioned along U.S. Highway 6-the primary eastwest route through Carbon County-The Ridges connects Wellington and Price, the region's commercial, educational, and healthcare hub, and serves as a key gateway to Central Utah and premier national parks including Moab and Arches.
Location
State UT
County Carbon
Area Wellington; East Wellington
Zoning Multi-Family
Interior
Interior Features Kitchen: Updated,Range/Oven: Free Stdng.
Heating Forced Air,Gas: Central
Flooring Carpet,Laminate,Vinyl
Inclusions Dryer, Refrigerator, Washer
Fireplace No
Window Features Blinds
Exterior
Exterior Feature Balcony,Deck; Covered,Double Pane Windows,Patio: Covered
Carport Spaces 36
Community Features Clubhouse
Utilities Available Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
View Y/N Yes
View Mountain(s),Valley
Roof Type Asphalt,Pitched
Present Use Residential
Topography Cul-de-Sac, Curb & Gutter, Fenced: Full, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain: Grad Slope, View: Mountain, View: Valley, Drip Irrigation: Auto-Full
Handicap Access Accessible Hallway(s),Grip-Accessible Features
Porch Covered
Total Parking Spaces 36
Private Pool No
Building
Lot Description Cul-De-Sac,Curb & Gutter,Fenced: Full,Road: Paved,Sidewalks,Sprinkler: Auto-Full,Terrain: Grad Slope,View: Mountain,View: Valley,Drip Irrigation: Auto-Full
Sewer Sewer: Connected,Sewer: Public
Water Culinary
Structure Type Composition,Clapboard
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools Wellington
Middle Schools Mont Harmon
High Schools Carbon
School District Carbon
Others
Senior Community No
Tax ID 1B-0077-0011
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional