315 River Ln, Kremmling, CO 80459 For Sale

Muddy Creek Village offers a rare opportunity to acquire a 32-unit employee housing community master leased to Freeport-McMoRan Inc., one of the world’s largest mining companies, through its subsidiary, Climax Molybdenum Company. The property includes a single-family home, 10 log cabins, and 21 newly added park model homes installed in 2024. Muddy Creek supplies critical workforce housing to Colorado’s $7 billion dollar mining industry at a time when many employers are struggling to maintain employees due to housing shortages.

Situated within driving distance of Climax Molybdenum’s Henderson facilities, Muddy Creek Village provides an optimal blend of affordability and proximity for its workforce. The Henderson Mill, located 40 minutes west of the property, and the Henderson Mine, 1 hour and 25 minutes east, are pivotal operations. Since 1976, the Henderson Mine has been North America’s largest producer of primary molybdenum, operating half a mile beneath the continental divide. Recent estimates suggest 500 million pounds of recoverable molybdenum remain, underscoring the mine’s ongoing importance. Together, the Henderson Mine and Mill typically employ 120 staff members, but workforce housing constraints have limited operations to approximately half capacity, highlighting the urgent demand for additional housing in the area.

Previously operated as a hospitality property offering nightly rentals for Kremmling’s year-round recreational visitors, Muddy Creek Village has been reimagined to meet this critical housing need. The seller, recognizing the affordable workforce housing shortage, obtained a special use permit from the Town of Kremmling, added 21 park model homes to the property, and master leased all 32 units to Climax Molybdenum for five years with renewal options for an additional five years.

The special use permit allows Freeport-McMoRan to use the property as short or long term housing for employees, as well as nightly and weekly housing for thrid party contractors or vendor. This flexibility is of great benefit to Freeport and it provides future ownership with an additional operating strategy.