800 HIGHWAY, Wellington, UT 84542
75BD/—BA Residential in Wellington, UT 84542. 30,000 sqft. Built 1980. Listed at $4,550,000. MLS #2117038.
75BD/—BA Residential in Wellington, UT 84542. 30,000 sqft. Built 1980. Listed at $4,550,000. MLS #2117038.
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.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Carbon
Zoning
Multi-Family
Construction
Composition,Clapboard
Lot Size
3.13 sq ft
Condition
Blt./Standing
MLS #
2117038
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Carbon
Zoning
Multi-Family
Construction
Composition,Clapboard
Lot Size
3.13 sq ft
Condition
Blt./Standing
MLS #
2117038
List Price
$4,550,000
Annual Taxes
$24,904
Home Warranty
No
List Price
$4,550,000
Annual Taxes
$24,904
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Asphalt,Pitched
Flooring
Carpet,Laminate,Vinyl
Materials
Composition,Clapboard
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Heating
Forced Air,Gas: Central
Roof
Asphalt,Pitched
Flooring
Carpet,Laminate,Vinyl
Materials
Composition,Clapboard
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s),Valley
Covered Spaces
36
Total Parking
36
Covered Spaces
36
Total Parking
36
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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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