Multifamily

Red Cliff Apartments

206 Eagle St, Red Cliff, CO 81649

Listing Price: $1,200,000

Cap Rate
6.03%
Number of Units
6
GRM
11.97
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$203.39
Gross SF
5,900

Investment Overview

Red Cliff Apartments consists of a six-unit apartment community located 12-miles south of Vail, CO. The Red Cliff Apartments is comprised of a complementary mix of one, two, and three-bedroom floorplans averaging 1,031 square feet. This property serves as an ideal option for individuals and families who work in the towns of Vail or Beaver Creek as housing costs in Vail and Beaver Creek far exceed national averages, which allows Red Cliff Apartments to be a more affordable option for renters. The multifamily propertys location within the town of Red Cliff is in high demand as the towns most popular restaurant is next door and the only hotel in town is across the street. The Red Cliff Apartments is situated within a supply constrained market which results in low vacancy and rent premiums amongst most rental properties.

This property has seen multiple upgrades in recent years including new roofs, new siding, new windows and more. With low vacancy and high demand, the Red Cliff Apartments would be a great addition to any investor's portfolio.

Investment Highlights

  • 6-Unit Multifamily Portfolio Consisting of One, Two and Three-Bedroom Units
  • Ample Parking, Storage, Dishwashers, Oversized Closets, Tile Flooring, and more
  • Located 20 Minutes South of Vail, CO
  • Average Income In a 5-Mile Radius is $91,259

Exclusively Listed By

Listing Price: $1,200,000

Cap Rate
6.03%
Number of Units
6
GRM
11.97
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$203.39
Gross SF
5,900

Investment Highlights

  • 6-Unit Multifamily Portfolio Consisting of One, Two and Three-Bedroom Units
  • Ample Parking, Storage, Dishwashers, Oversized Closets, Tile Flooring, and more
  • Located 20 Minutes South of Vail, CO
  • Average Income In a 5-Mile Radius is $91,259

Investment Overview

Red Cliff Apartments consists of a six-unit apartment community located 12-miles south of Vail, CO. The Red Cliff Apartments is comprised of a complementary mix of one, two, and three-bedroom floorplans averaging 1,031 square feet. This property serves as an ideal option for individuals and families who work in the towns of Vail or Beaver Creek as housing costs in Vail and Beaver Creek far exceed national averages, which allows Red Cliff Apartments to be a more affordable option for renters. The multifamily propertys location within the town of Red Cliff is in high demand as the towns most popular restaurant is next door and the only hotel in town is across the street. The Red Cliff Apartments is situated within a supply constrained market which results in low vacancy and rent premiums amongst most rental properties.

This property has seen multiple upgrades in recent years including new roofs, new siding, new windows and more. With low vacancy and high demand, the Red Cliff Apartments would be a great addition to any investor's portfolio.

Exclusively Listed By

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