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Multifamily

Creek Vista Senior Living

446 Vista Dr, Paonia, CO 81428

Listing Price: $1,275,000

Cap Rate
4.18%
Number of Units
20
GRM
6.07
Occupancy
97.0%
Price/Unit
$63,750

Investment Overview

Marcus & Millichap is pleased to present Creek Vista Senior Living, a 20-unit LIHTC and Section 8 property located in Paonia, CO. The property provides a tranquil and supportive living environment, featuring well-maintained residences with modern amenities to enhance the quality of life for its residents. Priced at just $63,750 per unit, Creek Vista offers an affordable entry into a high-barrier, supply-constrained market. Backed by government-supported rental income programs, the asset produces a Year 1 cash-on-cash return of 12.9% and an 8.1% cap rate. Strategically located in Paonia, Creek Vista benefits from a charming small-town atmosphere while remaining accessible to essential services, healthcare facilities, and local conveniences—making it a compelling opportunity to own a stable, income-generating property in a growing market.

Investment Highlights

  • LIHTC and Section 8 programs provide reliable income with Year 1 cash-on-cash of 12.9% and 8.1% cap rate.
  • 20-unit senior LIHTC asset priced at just $63,750/unit in a stable, supply-constrained market.
  • Located in charming Paonia with direct proximity to Montrose—Colorado's fastest-growing recreation and labor hub.

Exclusively Listed By

Multifamily

Creek Vista Senior Living

Listing Price: $1,275,000

Cap Rate
4.18%
Number of Units
20
GRM
6.07
Occupancy
97.0%
Price/Unit
$63,750

Investment Highlights

  • LIHTC and Section 8 programs provide reliable income with Year 1 cash-on-cash of 12.9% and 8.1% cap rate.
  • 20-unit senior LIHTC asset priced at just $63,750/unit in a stable, supply-constrained market.
  • Located in charming Paonia with direct proximity to Montrose—Colorado's fastest-growing recreation and labor hub.

Investment Overview

Marcus & Millichap is pleased to present Creek Vista Senior Living, a 20-unit LIHTC and Section 8 property located in Paonia, CO. The property provides a tranquil and supportive living environment, featuring well-maintained residences with modern amenities to enhance the quality of life for its residents. Priced at just $63,750 per unit, Creek Vista offers an affordable entry into a high-barrier, supply-constrained market. Backed by government-supported rental income programs, the asset produces a Year 1 cash-on-cash return of 12.9% and an 8.1% cap rate. Strategically located in Paonia, Creek Vista benefits from a charming small-town atmosphere while remaining accessible to essential services, healthcare facilities, and local conveniences—making it a compelling opportunity to own a stable, income-generating property in a growing market.

Exclusively Listed By

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