102 W 250 S - Apartments FOR SALE


Wellington, UT 84542
$2,200,000 USD
102 W 250 S, Wellington, UT for Sale
$2,200,000 USD
Apartments - FOR SALE
1/25
null | 6% Cap Rate

102 W 250 S
Wellington, UT 84542


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,500

CAP RATE

6%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverbend Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

Multi-Family Zoning

APN/PARCEL ID

1B-0231-0011

ASK ABOUT THIS PROPERTY

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