Flexible and Creative Terms Available! Motivated seller – all offers will be considered. Rare opportunity to acquire four properties totaling 40-units in the heart of Leadville, CO. Offered at $4,000,000 ($100K/Unit), the portfolio features a diverse unit mix of 24 - Studios, 6 - 1Bd/1Ba units, 7 - 2Bd/1Ba units, and 3 – 2Bd/1Ba single-family homes. All 40-units are currently operated as apartment (30+ day) rentals, consistent with the zoning and permitted use for each respective property. Under current zoning, all properties must continue to operate as 30+ day rental units, except for 1515 Poplar Street, which is zoned B (Business) and may be operated as a hotel or motel allowing stays of less than 30 days as soon as today. Currently, all units are on a MTM basis, 12/40 are currently vacant (30%). - 500 Poplar Street: 3-1Bd/1Ba, 7-2Bd/1Ba, & 3 – 2Bd/1Ba single-family homes (13-Units Total) - 1515 Poplar Street: 13-Studios (13-Units Total) - 231 Elm Street: 8-Studios & 1 – 1Bd/1Ba (9-Units Total) - 629 W Chestnut Street: 3-Studios & 2-1Bd/1Ba (5-Units Total) - Portfolio: 40-Units Total ($100K/Unit) This portfolio presents a tremendous value-add opportunity through operational efficiencies and strategic renovation or capital improvements. Please refer to the offering memorandum for detailed financials and current operations. The analysis indicates that by simply filling existing vacancies and maintaining the current high rents already being achieved, a new investor could reach a stabilized 8% CAP rate, assuming approximately $800,000 in capital improvements and a normalized 7.75% vacancy rate. Depending on the scope and quality of improvements, the stabilized CAP rate could realistically range between 8%–10%. Overall, there is significant upside potential through improved management and property upgrades.