446 Vista Dr - Apartments FOR SALE


Paonia, CO 81428
$1,275,000 USD
303-328-2000
446 Vista Dr, Paonia, CO for Sale
$1,275,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

446 Vista Dr
Paonia, CO 81428


OVERVIEW

Marcus & Millichap is pleased to present Creek Vista Senior Living, a 20-unit LIHTC and Section 8 property located in Paonia, CO. The property provides a tranquil and supportive living environment, featuring well-maintained residences with modern amenities to enhance the quality of life for its residents. Priced at just $63,750 per unit, Creek Vista offers an affordable entry into a high-barrier, supply-constrained market. Backed by government-supported rental income programs, the asset produces a Year 1 cash-on-cash return of 12.9% and an 8.1% cap rate. Strategically located in Paonia, Creek Vista benefits from a charming small-town atmosphere while remaining accessible to essential services, healthcare facilities, and local conveniences—making it a compelling opportunity to own a stable, income-generating property in a growing market.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

20

PRICE/UNIT

$63,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creek Vista Senior Living Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

-

APN/PARCEL ID

R018484

ASK ABOUT THIS PROPERTY

Jason HornikMarcus & MillichapMore Info
303-328-2000

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Jason HornikMarcus & MillichapMore Info
303-328-2000

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