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22075025
22075026

502 S San Juan Ave, Buena Vista, CO 81211

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
NP
CO FA. 100099164, CO FA.100099164
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
$2,900,000
462 days on market
Updated 1 day ago

The Meadows

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,160
Net Rentable (SqFt) 8,160
Units 12
Cap Rate 7.87%
NOI $228,362
Occupancy 100%
Price per SqFt $355
Class B
Year Built 1973
Year Renovated 2023
Buildings 1
Stories 2
Acreage 0.800
Zoning R1
Investment Type Stabilized
Occupancy Date 02/27/2025

Tastefully Remodeled and Turn-Key Opportunity in a Highly Desirable CO Mountain Town

Marketing description

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.

Investment highlights

  • New stucco, windows, decking, and a 2020 roof with a 40-year transferrable warranty minimize future capital expenditures.

  • Operates on a well system, significantly reducing utility costs and enhancing profitability with long-term, affordable water access.

  • Full renovations and strong rental demand provide consistent cash flow, with potential to push rents in the current high-demand market.

  • Buena Vista offers access to world-class white-water rafting on the Arkansas River, ski resorts like Breckenridge, Aspen, and Monarch Mountain, as well as lakes, hot springs, and abundant fishing opportunities.

Listing Contacts

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
NP
CO FA. 100099164, CO FA.100099164
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,362.00
$19,030.17/mo

Valuation Metrics

0
DSCR
7.87%
Cap Rate
7.87%
ROI

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Additional Information

Name
Lee Wagner
License
CO 100084704
Brokerage
Cushman & Wakefield
Brokerage Phone
4174592155
Title
Director
Name
Nic Polaski
License
FA. 100099164
Brokerage
Cushman & Wakefield
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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