Log In/Sign Up
Your email has been sent.
Remington Village Apartments 1125 W 6th St 64 Unit Apartment Building $4,160,000 ($65,000/Unit) 6.80% Cap Rate Craig, CO 81625
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Remington Village Apartments, a 64-unit multifamily community located in Craig, CO, primmed for renovation. This property offers
a unique investment opportunity in a stable market with strong demand for obtainable housing. The complex features a mix of two- and three-bedroom units with significant
vacancy, allowing an investor to immediately renovate units. With limited new competition in the area, the property presents opportunities for rent growth and operational
efficiencies. Located in a region with a diverse economy driven by energy, agriculture, and other industries, Remington Village Apartments offers a compelling opportunity for
investors seeking to get their hands dirty and create value.
a unique investment opportunity in a stable market with strong demand for obtainable housing. The complex features a mix of two- and three-bedroom units with significant
vacancy, allowing an investor to immediately renovate units. With limited new competition in the area, the property presents opportunities for rent growth and operational
efficiencies. Located in a region with a diverse economy driven by energy, agriculture, and other industries, Remington Village Apartments offers a compelling opportunity for
investors seeking to get their hands dirty and create value.
PROPERTY FACTS
| Price | $4,160,000 | Building Class | C |
| Price Per Unit | $65,000 | Lot Size | 2.54 AC |
| Sale Type | Investment | Building Size | 80,409 SF |
| Cap Rate | 6.80% | Average Occupancy | 70% |
| No. Units | 64 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $4,160,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.54 AC |
| Building Size | 80,409 SF |
| Average Occupancy | 70% |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 40 | - | 800 - 850 |
| 3+1 | 24 | - | 1,150 |
PROPERTY TAXES
| Parcel Number | R006813 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $138,885 |
PROPERTY TAXES
Parcel Number
R006813
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$138,885
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Remington Village Apartments | 1125 W 6th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.