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807 Legion St
Craig, CO 81625

$3,575,000 USD

Apartments For Sale • 31,040 SF

Property Details

Property Type Apartments
Total Building Size 31,040 SF
Lot Size 1.65 AC
Building Class C
Year Built 1976

10 Transit Score

30 Walk Score

                
                    Highlights
                
                                Stabilized asset delivering ~7.97% current cap, 8.93% Yr 1, and ~13% CoC. Strong day-one cash flow with upside from revenue growth & efficiency gains.
                            
                                Provides affordable housing below nearby resort markets. 
                            
                                Craig benefits from rising regional costs, supporting steady renter demand and long-term occupancy.
                            
                                Upside through lease rollovers, rent optimization, and efficiencies. 
                            
                                Growth driven by operations, minimizing capex and disruption while enhancing cash flow.
                            
                                High construction costs, labor shortages, and geographic limits restrict new supply, supporting strong occupancy and rent growth for existing assets.

Amenities

Laundry Facilities
Heating
Smoke Free
Kitchen
Refrigerator
Oven
Tub/Shower
Storage Space

Public Transportation

Airport	Drive	Walk	Distance
Yampa Valley	25 min	-	20.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Charles Burkhart 303-328-2046 Marcus & Millichap

807 Legion St Craig, CO 81625