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102 W 250 S - Riverbend Apartments 16 Unit Apartment Building Offered at $2,200,000 at a 6% Cap Rate Wellington, UT 84542

Apartment Buildings Utah Wellington 102 W 250 S, Wellington, UT 84542

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Investment Highlights

  • Lots of Parking for tenants and guests
  • Landscaped
  • Pavement roads

Executive Summary

Excellent multi-family investment opportunity situated on 1.60 (parcel 1b-231-12 & 1b-231-11) acres 16 units total in Wellington. This well-maintained property offers strong rental income with room for long-term appreciation. Each unit rents for $850 per month Tenants pay $110 per month in utility reimbursement to the owner's property manager for Wellington City utilities (water & garbage) Tenants place Rocky Mountain Power and Enbridge Gas in their own names, reducing owner utility exposure. Newer stucco exterior and asphalt driveway. 8 units have received updates within the past 3 years, including: 8 Central Air Units New carpet, Fresh interior paint, Updated cabinets (in select units). Washer and dryers are tenant-owned. 4 video walkthroughs of different units available upon request. Please do not disturb the tenants. This property presents a solid opportunity for investors seeking stabilized cash flow with improved exterior and interior updates already completed.

Property Facts

Price $2,200,000 Apartment Style Mid-Rise
Price Per Unit $137,500 Lot Size 0.79 AC
Sale Type Investment Building Size 8,704 SF
Cap Rate 6% Average Occupancy 95%
Sale Condition 1031 Exchange No. Stories 2
Gross Rent Multiplier 16 Year Built 1973
No. Units 16 Parking Ratio 1.84/1,000 SF
Property Type
Multifamily
  • Multifamily Apartments
Zoning Multi-Family - ALL OF LOT 11, RIVER BEND SUBDIVISION. 0.80 AC
Price $2,200,000
Price Per Unit $137,500
Sale Type Investment
Cap Rate 6%
Sale Condition 1031 Exchange
Gross Rent Multiplier 16
No. Units 16
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Mid-Rise
Lot Size 0.79 AC
Building Size 8,704 SF
Average Occupancy 95%
No. Stories 2
Year Built 1973
Parking Ratio 1.84/1,000 SF
Zoning Multi-Family - ALL OF LOT 11, RIVER BEND SUBDIVISION. 0.80 AC

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Storage Space
  • Washer/Dryer Hookup
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet
  • Yard
  • Dining Room
  • Family Room
  • Handrails
  • Pantry
  • Vinyl Flooring

Site Amenities

  • Walking/Biking Trails

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 16 $850.00 -

Links

1 1

Property Taxes

Parcel Number 1B-0231-0011 Improvements Assessment $307,265
Land Assessment $38,590 Total Assessment $345,855

Property Taxes

Parcel Number
1B-0231-0011
Land Assessment
$38,590
Improvements Assessment
$307,265
Total Assessment
$345,855
(435) 650-9737

Still interested?

Contact the broker for more information about this property

Contact

  • Carla Saccomano
    Carla Saccomano

  • Listing ID: 39627596

  • Date on Market: 3/2/2026

  • Last Updated:

  • Address: 102 W 250 S, Wellington, UT 84542

More public record information on 102 W 250 S, Wellington, UT 84542

The Multifamily Property at 102 W 250 S, Wellington, UT 84542 is currently available for Sale. Contact RE/MAX Bridge Realty for more information.

NEARBY LISTINGS

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102 W 250 S - Riverbend Apartments
(435) 650-9737 x

102 W 250 S - Riverbend Apartments

Carla Saccomano
(435) 650-9737

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