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Multifamily

Smokey Trail Village

510 Smokey Trail Dr, Limon, CO 80828

Listing Price: $5,750,000

Cap Rate
7.32%
Number of Units
38
GRM
9.38
Occupancy
95.0%
Price/Unit
$151,316
Price/Gross SF
$195.43
Gross SF
29,422

Investment Overview

Smokey Trail Village presents a compelling multifamily investment opportunity in the growing and economically supported community of Limon, Colorado. With a stable income profile and strong occupancy fundamentals, the property offers immediate in-place cash flow and attractive long-term upside through market rent growth and operational efficiencies. The asset benefits from its strategic location in a full-service regional hub, supported by local industries including renewable energy,
agriculture, and infrastructure development. Investors will appreciate the favorable rent-to-income ratio, affordability gap compared to homeownership, and eligibility for local and state economic incentives.
Coupled with high-quality unit mix and onsite amenities, Smokey Trail Village stands out as a well-positioned asset in a supply-constrained market with increasing rental demand.

Investment Highlights

  • Substantially renovated 38-unit property with improvements to roofs, interiors, windows, HVAC, and common areas.
  • Stabilized asset with consistent income and long-term tenant base in a supply-constrained rural market.
  • Rare multifamily investment in Limon with very little local competition and direct access to I-70.

Exclusively Listed By

Multifamily

Smokey Trail Village

Listing Price: $5,750,000

Cap Rate
7.32%
Number of Units
38
GRM
9.38
Occupancy
95.0%
Price/Unit
$151,316
Price/Gross SF
$195.43
Gross SF
29,422

Investment Highlights

  • Substantially renovated 38-unit property with improvements to roofs, interiors, windows, HVAC, and common areas.
  • Stabilized asset with consistent income and long-term tenant base in a supply-constrained rural market.
  • Rare multifamily investment in Limon with very little local competition and direct access to I-70.

Investment Overview

Smokey Trail Village presents a compelling multifamily investment opportunity in the growing and economically supported community of Limon, Colorado. With a stable income profile and strong occupancy fundamentals, the property offers immediate in-place cash flow and attractive long-term upside through market rent growth and operational efficiencies. The asset benefits from its strategic location in a full-service regional hub, supported by local industries including renewable energy, agriculture, and infrastructure development. Investors will appreciate the favorable rent-to-income ratio, affordability gap compared to homeownership, and eligibility for local and state economic incentives. Coupled with high-quality unit mix and onsite amenities, Smokey Trail Village stands out as a well-positioned asset in a supply-constrained market with increasing rental demand.

Exclusively Listed By

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