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502 S San Juan Ave
Buena Vista, CO 81211
The Meadows · Multifamily Property For Sale · 12 Units

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INVESTMENT HIGHLIGHTS

  • New stucco, windows, decking, and a 2020 roof with a 40-year transferrable warranty minimize future capital expenditures.
  • Full renovations and strong rental demand provide consistent cash flow, with potential to push rents in the current high-demand market.
  • Operates on a well system, significantly reducing utility costs and enhancing profitability with long-term, affordable water access.
  • Buena Vista offers access to world-class white-water rafting on the Arkansas River, ski resorts like Breckenridge, Aspen, and Monarch Mountain, etc

EXECUTIVE SUMMARY

Cushman & Wakefield is pleased to present a prime investment opportunity at The Meadows Apartments in Buena Vista—an impeccably renovated 12-unit multifamily property. This asset stands out with modern upgrades and high-quality renovations, offering immediate operational efficiencies, long-term stability, and a location that promises consistent demand. This 12-unit multifamily property presents an exceptional opportunity for investors seeking a turn-key, low-maintenance asset with high cash flow potential. The property has been extensively upgraded, including new stucco, windows, decking, and a new roof in 2020 with a transferrable 40-year warranty, providing peace of mind and reducing potential capital expenditures for investors. The property also benefits from a unique operational advantage—water rights associated with a private well system, significantly lower utility costs and offer a sustainable/affordable water source. Each of the 12 spacious, well-appointed units have been thoughtfully designed providing tenant comfort and energy efficiency, making it highly attractive to a diverse tenant base. Given the strong demand for rental housing in Buena Vista, coupled with the property’s modern condition and recent upgrades, this asset offers stable cash flow with the added potential for rent increases in the current high-demand market. With low operating costs and minimal competition, this property presents a rare and highly profitable opportunity for a multifamily property in Buena Vista.

PROPERTY FACTS

Price Per Unit $241,667
Sale Type Investment
Cap Rate 7.87%
Sale Condition 1031 Exchange
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.80 AC
Building Size 8,160 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1973/2023
Parking Ratio 2.94/1,000 SF
Opportunity Zone Yes
Zoning R1

AMENITIES

UNIT AMENITIES

  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Tub/Shower
  • Views
  • Wi-Fi
  • Yard
  • Deck
  • Double Pane Windows
  • Family Room
  • Smoke Free
  • Vinyl Flooring
  • Large Bedrooms

SITE AMENITIES

  • Controlled Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 2 - 580
2+1 10 - 700

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R327117100228
Land Assessment
$22,290
Improvements Assessment
$82,970
Total Assessment
$105,260
  • Listing ID: 34962463

  • Date on Market: 2/27/2025

  • Last Updated:

  • Address: 502 S San Juan Ave, Buena Vista, CO 81211

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