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Multifamily

Red Cliff Apartments

206 Eagle St, Red Cliff, CO 81649

Listing Price: $1,550,000

Cap Rate
5.73%
Number of Units
6
Occupancy
5.0%
Price/Unit
$258,333
Price/Gross SF
$231.34
Gross SF
6,700

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. These properties serve 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 property’s location within the town of Red Cliff is in high demand as the town’s 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 investors portfolio.

Investment Highlights

  • This property has seen multiple upgrades in recent years including new roofs, new siding, new windows and more
  • The Red Cliff Apartments is comprised of a complementary mix of one, two, and threebedroom floorplans averaging 1,031 square feet
  • Six-Unit Multifamily Portfolio Consisting of One, Two and Three-Bedroom Units

Exclusively Listed By

Financing By

Multifamily

Red Cliff Apartments

Listing Price: $1,550,000

Cap Rate
5.73%
Number of Units
6
Occupancy
5.0%
Price/Unit
$258,333
Price/Gross SF
$231.34
Gross SF
6,700

Investment Highlights

  • This property has seen multiple upgrades in recent years including new roofs, new siding, new windows and more
  • The Red Cliff Apartments is comprised of a complementary mix of one, two, and threebedroom floorplans averaging 1,031 square feet
  • Six-Unit Multifamily Portfolio Consisting of One, Two and Three-Bedroom Units

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. These properties serve 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 property’s location within the town of Red Cliff is in high demand as the town’s 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 investors portfolio.

Exclusively Listed By

Financing By

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