Homes for sale - 800 W HIGHWAY DR, Wellington, UT 84542

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Karen Ovares

karenovares.agent@gmail.com +1(908) 698-2405

$ 4,550,000

Est. payment | -/mo

75 Beds

38 Baths

30,000 SqFt

Save

$ 4,550,000

Est. payment | -/mo

Save

75 Beds

38 Baths

30,000 SqFt

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 false

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

Accessibility Accessible Hallway(s), Grip-Accessible Features

Porch Covered

Total Parking Spaces 36

Private Pool false

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

Horse Property No

Listing Terms Cash, Conventional

Listed by Realtypath LLC (Home and Family)

+1(908) 698-2405

karenovares.agent@gmail.com

5695 S 900 E, Murray, UT, 84121, USA

800 W HIGHWAY DR Wellington, UT 84542