BEDS60
BATHS40
SQUARE FEET28,800
MLS#9681597
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISION620-VICTORY HEIGHTS
SCHOOLMoffat County RE-1
Listing Courtesy of:
Marcus & Millichap Real Estate Investment Services of Atlant
Agency Contact: charles.burkhart@marcusmillichap.com,214-336-6064
Property Description
Marcus & Millichap is pleased to present Highland Green Apartments, a multifamily investment opportunity located in Craig, Colorado. Highland Green Apartments offers investors the opportunity to acquire a high-yielding asset with strong in-place cash flow and additional upside through continued operational efficiencies and organic rent growth. The property is currently projected at a 7.97% cap rate with upside to an 8.93% Year 1 cap rate alongside an estimated 13% cash-on-cash return on day one.Positioned in a supply-constrained market, Highland Green Apartments benefits from growing demand for attainable housing throughout Northwest Colorado as renters continue seeking affordable alternatives to nearby resort-driven markets such as Steamboat Springs. Limited new multifamily development, rising replacement costs, and increasing barriers to homeownership continue to support long-term apartment fundamentals throughout the region.The property also features individually metered utilities, creating operational efficiencies and reducing landlord exposure to rising utility expenses. Combined with Craigs diversified economic base, strong community appeal, and proximity to major outdoor recreation and employment drivers, Highland Green Apartments presents investors with an attractive opportunity to acquire a stable cash-flowing asset with long-term upside potential.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Other
Heating: Forced Air
Roof Type: Composition
Stories: 1.0
Taxes: $10,434
Year Built: 1976
Feature Descriptions
Baths Total: 40
Days on Site: 3
Exclusions: n/a
Exterior: Frame
Parcel#: R008112
Sewer: Public Sewer
Local Schools
High School: Moffat County
Middle School: Craig
Elementary School: Sandrock
School District: Moffat County RE-1
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap Real Estate Investment Services of Atlant
Agency Contact: charles.burkhart@marcusmillichap.com,214-336-6064
Shown By
Agent Name: Jessy Velez-Delacruz
Agent Phone: (719) 464-3454
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 19,521.72 per month $17,609.51 Principal & Interest $869.50 Property Tax $1,042.71 Homeowner's InsuranceChange Payment Information
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807 Legion Street | MLS# 9681597
This multi-family property located at 807 Legion Street , Craig, CO 81625 is currently listed for sale with an asking price of $3,575,000. Legion Street is located within the Moffat County RE-1 school district. Search Craig real estate on www.coaltitude.com today.