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Prairie Vista Apartments 255 E 8th Ave 12 Unit Apartment Building $1,050,000 ($87,500/Unit) 7.52% Cap Rate Akron, CO 80720
Investment Highlights
- Each unit has a covered front porch
- Each unit has a single car garage space with garage door opener
- Each unit has an 10'x12' locked storage room
Executive Summary
Very nice seniors 12 plex. Always 100% occupied plus waiting list. All units are 2- bedroom 1 bath (813 sq feet) Includes single car garage with opener and 10x12 lockable storage in garage, forced air heating and a/c, stove, refrigerator, dish washer, garbage disposal with covered front porch. Building located on 1 3/4 acres in county seat (Washington County). Also, includes common areas (recreational): Living room with fireplace, big kitchen for food prep and dining room that seats 30 or more. Owners provide water and trash. Tenants pay gas and electric.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,850
|
$10.86
|
| Other Income |
$1,439
|
$0.13
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$126,289
|
$10.98
|
| Taxes |
$5,750
|
$0.50
|
| Operating Expenses |
$41,245
|
$3.59
|
| Total Expenses |
$46,995
|
$4.09
|
| Net Operating Income |
$79,294
|
$6.90
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $124,850 |
| Annual Per SF | $10.86 |
| Other Income | |
|---|---|
| Annual | $1,439 |
| Annual Per SF | $0.13 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $126,289 |
| Annual Per SF | $10.98 |
| Taxes | |
|---|---|
| Annual | $5,750 |
| Annual Per SF | $0.50 |
| Operating Expenses | |
|---|---|
| Annual | $41,245 |
| Annual Per SF | $3.59 |
| Total Expenses | |
|---|---|
| Annual | $46,995 |
| Annual Per SF | $4.09 |
| Net Operating Income | |
|---|---|
| Annual | $79,294 |
| Annual Per SF | $6.90 |
Property Facts
| Price | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $87,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.75 AC |
| Cap Rate | 7.52% | Building Size | 11,500 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 0% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | N/A - Multi family | ||
| Price | $1,050,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.75 AC |
| Building Size | 11,500 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 2005 |
| Opportunity Zone |
Yes |
| Zoning | N/A - Multi family |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Clubhouse
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $900.00 | 813 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 92017024001 | Total Assessment | $44,050 (2025) |
| Land Assessment | $3,811 (2025) | Annual Taxes | $5,750 ($0.50/SF) |
| Improvements Assessment | $40,239 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
92017024001
Land Assessment
$3,811 (2025)
Improvements Assessment
$40,239 (2025)
Total Assessment
$44,050 (2025)
Annual Taxes
$5,750 ($0.50/SF)
Tax Year
2026
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Contact the Sale Advisor
Prairie Vista Apartments | 255 E 8th Ave