510 Smokey Trail Dr - Apartments FOR SALE


Limon, CO 80828
$5,750,000 USD
303-328-2000
510 Smokey Trail Dr, Limon, CO for Sale
$5,750,000 USD
Apartments - FOR SALE
1/27
null | 7.32% Cap Rate

510 Smokey Trail Dr
Limon, CO 80828


OVERVIEW

Smokey Trail Village presents a compelling multifamily investment opportunity in the growing and economically supported community of Limon, Colorado. With a stable income profile and strong occupancy fundamentals, the property offers immediate in-place cash flow and attractive long-term upside through market rent growth and operational efficiencies. The asset benefits from its strategic location in a full-service regional hub, supported by local industries including renewable energy, agriculture, and infrastructure development. Investors will appreciate the favorable rent-to-income ratio, affordability gap compared to homeownership, and eligibility for local and state economic incentives. Coupled with high-quality unit mix and onsite amenities, Smokey Trail Village stands out as a well-positioned asset in a supply-constrained market with increasing rental demand

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

38

PRICE/UNIT

$151,316

CAP RATE

7.32%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smokey Trail Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

PARKING SPACES

58

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

-

APN/PARCEL ID

258516305002,258516305003

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.