Multifamily
Creek Vista Senior Living
446 Vista Dr, Paonia, CO 81428
Listing Price: $1,275,000
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.
Creek Vista Senior Living
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
Listing Price: $1,275,000
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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