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Riverbend Apartments 102 W 250 S 16 Unit Apartment Building $2,990,900 CAD ($186,931 CAD/Unit) 6% Cap Rate Wellington, UT 84542
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
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 | $1,156 CAD | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1B-0231-0011 | Improvements Assessment | $419,183 CAD |
| Land Assessment | $52,646 CAD | Total Assessment | $471,829 CAD |
Property Taxes
Parcel Number
1B-0231-0011
Land Assessment
$52,646 CAD
Improvements Assessment
$419,183 CAD
Total Assessment
$471,829 CAD
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Videos
Matterport 3D Exterior
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Photos
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Street
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Riverbend Apartments | 102 W 250 S
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