359 Warren Ave - Apartments FOR SALE


Silverthorne, CO 80498
$7,250,000 USD
303-594-3252
359 Warren Ave, Silverthorne, CO for Sale
$7,250,000 USD
Apartments - FOR SALE
1/13
null | 5.11% Cap Rate

359 Warren Ave
Silverthorne, CO 80498


HIGHLIGHTS

  • Truly Turnkey: Comprehensive Capital Improvements Completed
  • Best in Class Parking: 4.8 Spaces Per Unit with Attached Two-Car Garages
  • Workforce Housing in a Supply Constrained Submarket
  • Walkable Access to Silverthorne's Primary Retail Corridor
  • Free and Clear Offering with Full Financing Flexibility
  • Superior Unit Mix: 100% Two Bath, Full In-Unit Amenities

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire Warren Avenue Townhomes, a 13-unit true townhome community located in Silverthorne, Colorado. Situated in the heart of Summit County at the convergence of Colorado's premier ski resort submarket, the property offers an exceptionally rare combination of turnkey physical condition, best in class parking, and walkable access to Silverthorne's primary retail and dining corridor. Current ownership has completed a comprehensive capital improvement program since acquiring the property, delivering a stabilized, low capex asset with brand-new roof and gutters, heat trace, exterior paint, LVP flooring, and garage doors across all three buildings. In total, ownership has injected over $600,000 in capital improvements within the last two years. With 100 percent two bath units, attached two-car garages at every unit, and a free and clear debt structure, Warren Avenue presents a compelling workforce housing acquisition in one of Colorado's most supply constrained resort submarkets.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

13

PRICE/UNIT

$557,692

CAP RATE

5.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warren Avenue Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,261 SF

ZONING

SC-2

APN/PARCEL ID

6500599

ASK ABOUT THIS PROPERTY

Sam BretzMMGMore Info
303-594-3252

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Sam BretzMMGMore Info
303-594-3252

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