$4,550,000

800 W HIGHWAY DR, Wellington, UT 84542

  • 75 beds |
  • 38 baths |
  • 30,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon3.13acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $152/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
September 15, 2025 at 06:00AM
Listing Office:
Realtypath LLC (Home and Family) : 801-256-9595
Listing Agent:
Sean Shoemaker : 801-898-9261
MLS ID:
2117038
  • General: Kitchen: UpdatedRange/Oven: Free Stdng.
  • Flooring: CarpetLaminateVinyl
  • Heating: Forced AirGas: Central
  • Disability Feature: Accessible Hallway(s)Grip-Accessible Features
  • General: BalconyDeck; CoveredDouble Pane WindowsPatio: Covered
  • Style: Stories: 3
  • Parking: CoveredParking: UncoveredParking spaces: 36
  • Roofing: AsphaltPitched
  • Windows: Blinds
  • General: Blt./Standing
  • Originating MLS: UtahRealEstate.com
  • School District: Carbon
  • County: Carbon
  • Topography: Cul-de-SacCurb & GutterFenced: FullRoad: PavedSidewalksSprinkler: Auto-FullTerrain: Grad SlopeView: MountainView: ValleyDrip Irrigation: Auto-Full
  • Landscaping: Landscaping: FullMature TreesTerraced Yard
  • Zoning: Multi-Family1B-0077-0011
  • View: Mountain(s)ValleyView
  • Current Use: Residential
  • Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected
  • Water: Culinary
  • Sewer: Sewer: ConnectedSewer: Public
  • Source: UtahRealEstate.com

This listing courtesy of Sean Shoemaker, Realtypath LLC (Home and Family)

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wellington School

PO Box 407, Wellington, UT, 84542

Grades PK-5

0.32 miles away

M

Mont Harmon Middle School

60 W 400 N, Price, UT, 84501

Grades 6-8

5.44 miles away

C

Carbon High School

750 E 400 N, Price, UT, 84501

Grades 9-12

5.08 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.