1125 W 6th St - Apartments FOR SALE


Craig, CO 81625
$4,160,000 USD
303-328-2046
1125 W 6th St, Craig, CO for Sale
$4,160,000 USD
Apartments - FOR SALE
1/3
null | 6.8% Cap Rate

1125 W 6th St
Craig, CO 81625


OVERVIEW

Marcus & Millichap is pleased to present Remington Village Apartments, a 64-unit multifamily community located in Craig, CO, primmed for renovation. This property offers a unique investment opportunity in a stable market with strong demand for obtainable housing. The complex features a mix of two- and three-bedroom units with significant vacancy, allowing an investor to immediately renovate units. With limited new competition in the area, the property presents opportunities for rent growth and operational efficiencies. Located in a region with a diverse economy driven by energy, agriculture, and other industries, Remington Village Apartments offers a compelling opportunity for investors seeking to get their hands dirty and create value.

FOR SALE DETAILS

PRICE

$4,160,000 USD

PRICE/SF

$52 USD /SF

# OF UNITS

64

PRICE/UNIT

$65,000

CAP RATE

6.8%

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Remington Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1979

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.54 AC

LAND SF

110,575 SF

ZONING

-

APN/PARCEL ID

R006813

ASK ABOUT THIS PROPERTY

Charles BurkhartMarcus & MillichapMore Info
303-328-2046

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Charles BurkhartMarcus & MillichapMore Info
303-328-2046

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.