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Cody Walker

cody@sourceofhome.com +1(619) 733-2250

$3,575,000

Est. payment - /mo

60 Beds

40 Baths

28,800 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 28,800 sqft

Price per Sqft $124

Subdivision 620-Victory Heights

MLS Listing ID 9681597

Bedrooms 60

HOA Y/N No

Abv Grd Liv Area 28,800

Year Built 1976

Annual Tax Amount $10,434

Tax Year 2025

Property Sub-Type Quadruplex

Source recolorado

Property Description

Marcus & Millichap is pleased to present Highland Green Apartments, a multifamily investment opportunity located in Craig, Colorado. Highland Green Apartments offers investors the opportunity to acquire a high-yielding asset with strong in-place cash flow and additional upside through continued operational efficiencies and organic rent growth. The property is currently projected at a 7.97% cap rate with upside to an 8.93% Year 1 cap rate alongside an estimated 13% cash-on-cash return on day one.

Positioned in a supply-constrained market, Highland Green Apartments benefits from growing demand for attainable housing throughout Northwest Colorado as renters continue seeking affordable alternatives to nearby resort-driven markets such as Steamboat Springs. Limited new multifamily development, rising replacement costs, and increasing barriers to homeownership continue to support long-term apartment fundamentals throughout the region.

The property also features individually metered utilities, creating operational efficiencies and reducing landlord exposure to rising utility expenses. Combined with Craig's diversified economic base, strong community appeal, and proximity to major outdoor recreation and employment drivers, Highland Green Apartments presents investors with an attractive opportunity to acquire a stable cash-flowing asset with long-term upside potential.

Location

State CO

County Moffat

Interior

Heating Forced Air

Cooling Other

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 40

Garage No

Building

Sewer Public Sewer

Level or Stories One

Structure Type Frame

Schools

Elementary Schools Sandrock

Middle Schools Craig

High Schools Moffat County

School District Moffat County Re-1

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

Nearby School & Business

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Cody Walker

+1(619) 733-2250

Agent | FA.100072314

Agent FA.100072314

807 Legion ST Craig, CO 81625

Cody Walker

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information