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Multifamily

Frontier & Sagewood Apartments

555 W 1st Avenue, Craig, CO 81625

Listing Price: $1,725,000

Investment Overview

Marcus & Millichap is pleased to offer the Frontier Apartments, a 39-Unit apartment complex located at 555 West 1st Avenue in Craig, Colorado. The Frontier Apartments is made up of 22 one-bedroom units and 17 two-bedroom units, each equipped with modern appliances and comfortable living-spaces. The Frontier Apartments is located in the City of Craig, which along with other Colorado mountain towns, has seen consistent year-over-year growth in property values. Living at the Frontier Apartments offers residents walking distance to a variety of recreation options including the Thunder Rolls Bowling Center and Woodbury Park. Down the road lies City Park, the largest park in Craig which is home to a series of outdoor amenities including a pool and playground. Less than one mile from downtown Craig, residents have access to a large variety of retail and dining options. Craig has become a time capsule of the Colorado that once existed, and it is where the old west has stayed young. Years of net migration have left much of the state over-developed for those who cherish its open spaces and beautiful scenery. As Colorado continues to grow, real estate in locations like Craig will continue to be of value to investors looking to tap into the niche, small mountain town markets.

Marcus & Millichap is pleased to offer the Sagewood Apartments, a 30-Unit apartment complex located at 131 River Road in Rangely, Colorado. The Sagewood Apartments is made up of four (4) one-bedroom units, 14 two-bedroom units, and 12 three-Bedroom units, each equipped with modern appliances and comfortable living-spaces. The Sagewood Apartments is located in City of Rangely, which along with other Colorado mountain towns, has seen consistent year-over-year growth in property values. Living at the Sagewood Apartments offers residents walking distance to a variety of recreation options including the White River and Elks Park. Down the road lies the Rangely Outdoor Museum, where residents can learn about the recent, and not so recent history of historic Rangely. Less than one mile from downtown Rangely, residents have access to a large variety of retail and dining options. Rangely has become a time capsule of the Colorado that once existed, and it is where the old west has stayed young. Years of net migration have left much of the state over-developed for those who cherish its open spaces and beautiful scenery. As Colorado continues to grow, real estate in locations like Rangely will continue to be of value to investors looking to tap into the niche, small mountain town markets.

An opportunity exists to either raze a currently unoccupied building containing 30 units for a cost of approximately $15,000 or invest approximately $20,000 per unit totaling $600,000 ($20,000 x 30 units) to make this currently unoccupied building inhabitable.

Investment Highlights

  • Easy Access to Main Roadways including US Highway 40
  • Walking Access to Most of Craig & Rangely
  • $25,000/Unit

Exclusively Listed By

Multifamily

Frontier & Sagewood Apartments

Investment Highlights

  • Easy Access to Main Roadways including US Highway 40
  • Walking Access to Most of Craig & Rangely
  • $25,000/Unit

Investment Overview

Marcus & Millichap is pleased to offer the Frontier Apartments, a 39-Unit apartment complex located at 555 West 1st Avenue in Craig, Colorado. The Frontier Apartments is made up of 22 one-bedroom units and 17 two-bedroom units, each equipped with modern appliances and comfortable living-spaces. The Frontier Apartments is located in the City of Craig, which along with other Colorado mountain towns, has seen consistent year-over-year growth in property values. Living at the Frontier Apartments offers residents walking distance to a variety of recreation options including the Thunder Rolls Bowling Center and Woodbury Park. Down the road lies City Park, the largest park in Craig which is home to a series of outdoor amenities including a pool and playground. Less than one mile from downtown Craig, residents have access to a large variety of retail and dining options. Craig has become a time capsule of the Colorado that once existed, and it is where the old west has stayed young. Years of net migration have left much of the state over-developed for those who cherish its open spaces and beautiful scenery. As Colorado continues to grow, real estate in locations like Craig will continue to be of value to investors looking to tap into the niche, small mountain town markets.

Marcus & Millichap is pleased to offer the Sagewood Apartments, a 30-Unit apartment complex located at 131 River Road in Rangely, Colorado. The Sagewood Apartments is made up of four (4) one-bedroom units, 14 two-bedroom units, and 12 three-Bedroom units, each equipped with modern appliances and comfortable living-spaces. The Sagewood Apartments is located in City of Rangely, which along with other Colorado mountain towns, has seen consistent year-over-year growth in property values. Living at the Sagewood Apartments offers residents walking distance to a variety of recreation options including the White River and Elks Park. Down the road lies the Rangely Outdoor Museum, where residents can learn about the recent, and not so recent history of historic Rangely. Less than one mile from downtown Rangely, residents have access to a large variety of retail and dining options. Rangely has become a time capsule of the Colorado that once existed, and it is where the old west has stayed young. Years of net migration have left much of the state over-developed for those who cherish its open spaces and beautiful scenery. As Colorado continues to grow, real estate in locations like Rangely will continue to be of value to investors looking to tap into the niche, small mountain town markets.

An opportunity exists to either raze a currently unoccupied building containing 30 units for a cost of approximately $15,000 or invest approximately $20,000 per unit totaling $600,000 ($20,000 x 30 units) to make this currently unoccupied building inhabitable.

Exclusively Listed By

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