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- LoopNet Team
66733 US Highway 40
Granby, CO 80446
Winter Park Olympic Village · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Investment Opportunity
- Prime location for local workforce
- Apartment Units in Hot Geography
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Deck
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Property Manager on Site
- Public Transportation
- Smoke Detector
About 66733 US HIGHWAY 40 , GRANBY, CO 80446
Prime investment opportunity. Existing 20-unit fully-leased apartment complex with projected $195k NOI in 2020 v $171k actual in 2019. New unit rent as of October 2019 is $1295/mo. Multiple value-add opportunities available (storage lockers, garages, etc). New in 2020: All new water treatment, septic & leach fields complete by November 1. (in progress) All new paint in July. (complete). Grand County is exploding and rental property is at a premium. Rents continue to increase between 5-10% annually. Local resorts cannot hire enough people because local rental space is in short supply. Grand County is exploding and rental property is at a premium. Rents continue to increase between 5-10% annually. Local resorts & business cannot hire enough people because local rental space is in short supply. Minimal COVID-19 impact on rents & occupancy.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 20 | $1,295 | 950 - 961 |
Property Taxes
| Parcel Number | R110071 | Improvements Assessment | $238,060 |
| Land Assessment | $30,410 | Total Assessment | $268,470 |
Property Taxes
