The Ridges 800 W Highway Dr 37 Unit Apartment Building $4,550,000 ($122,973/Unit) 5.58% Cap Rate Wellington, UT 84542

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 5.58% 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 east–west 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.