4540 State Highway 67 - Apartments FOR SALE


Florence, CO 81226
$3,950,000 USD
303-229-0622
4540 State Highway 67, Florence, CO for Sale
$3,950,000 USD
Apartments - FOR SALE
1/29
null | 7.43% Cap Rate

4540 State Highway 67
Florence, CO 81226


HIGHLIGHTS

  • High occupancy
  • Property is in very good condition
  • Great location near golf course

OVERVIEW

This high occupancy apartment building is located just south of Florence, Colorado. It is situated right next to the top notch Sumo golf course designed by Gary Player. With workforce housing in very short supply, this property has maintained close to 100% historical occupancy. It is priced at an attractive 7.43% cap rate. There is extra land around the building to potentially add storage units to increase income. This property benefits from market factors such as low workforce inventory and almost no senior housing. Onsite management means the building is well kept and clean with very little if any deferred maintenance. The units are like hotel rooms with shared common areas allowing for meals and social interaction. The property also benefits from plenty of onsite parking. Please take a look and let us know if you have any questions. Thank you.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

44

PRICE/UNIT

$89,773

CAP RATE

7.43%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,248 SF

ZONING

R-3

APN/PARCEL ID

000099104558

ASK ABOUT THIS PROPERTY

Brian ThomasThomas Real EstateMore Info
303-229-0622

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

Brian ThomasThomas Real EstateMore Info
303-229-0622

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