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309 8th St 4 Unit Apartment Building $399,000 ($99,750/Unit) 6.60% Cap Rate Hugo, CO 80821
INVESTMENT HIGHLIGHTS
- Low Vacancy Rate
- Well Maintained
- Great Rental History
EXECUTIVE SUMMARY
Rare Investment Opportunity in Hugo, CO! A unique chance to own a fully occupied quadplex in Eastern Colorado—an investor’s dream! This well-maintained property boasts a strong rental history and consistent income potential. Unit 1 & Unit 4: Single-level living, each featuring 2 bedrooms and 1 full bathroom. Unit 2 & Unit 3: Two-story layouts, each offering 3 bedrooms and 2 bathrooms. Unit 4 Bonus: Includes an additional storage room attached to the back. Parking: Off-street parking available via the alley, plus an attached 1-car garage available for rental. Each unit has been thoughtfully upgraded over time and features: - Its own kitchen and dining area - In-unit laundry with washer and dryer - Individual furnace and A/C condenser for personalized comfort Don’t miss out on this rare, income-generating property in a high-demand rental market! Reach out to us today for more details!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $399,000 | Building Class | C |
| Price Per Unit | $99,750 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 9,083 SF |
| Cap Rate | 6.60% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 0.2/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $399,000 |
| Price Per Unit | $99,750 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 9,083 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.2/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $750.00 | 1,008 - 1,050 |
| 3+2 | 5 | $800.00 | 1,512 |
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309 8th St
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