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800 Yucca Drive - Sawgrass Apartments, Lamar, CO

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800 Yucca Drive - Sawgrass Apartments

Lamar, CO 81052-4063

Property Type:Multi-Family Number of Units:31 Status:Existing Year Built:1981
Stories:2 Building Size:25,000 SF Land Area:.8 AC (35,000 SF)
For Sale Price:$1,600,000 Price/Unit:$51,612.90 Cap Rate:9.00 % GRM:-


Only 6% vacancy, soon to be fully occupied.

Sale Notes:
This Property has under gone an extensive remodel of 20 units and has increased rental income. The Property is a 31 unit apartment complex consisting of 7 buildings, two 1-car garages and an extra paved parking lot. There are 17- two story townhome style 2 and 3 bedroom units, 12 -one bedroom garden level units, 1- two bedroom ranch unit and 1 one bedroom executive unit.

Located across from Lamar High School and 8 blocks from Lamar Community College. Lamar is in the center of a pending oil boom, however, the property is priced at todays market. Unit rents will increase by 50% to 100% very soon.

Millcreek Business Solutions
Douglas Thrall
(801) 842-4000

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