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32204723
32204721

2 Locations

AR
CO CO 100024441
MMG
JK
CO CO 100017489
MMG
AS
CO CO 100072371
MMG
Listed by MMG
$5,825,000
40 days on market
Updated 40 days ago
Opportunity zone

Main Street Manor & State Street Village Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 38,162
Cap Rate 6.35%
NOI $370,085
Occupancy 87%
Pro-Forma Cap Rate 7.03%
Pro-Forma NOI $409,583
Price per SqFt $153
Year Built 1948
Buildings 4
Acreage 1.440
Investment Type Value Add

High Yield, Ultra Low Supply Market | 69 Units | Trinidad, CO

Marketing description

MMG is pleased to present the Trinidad Portfolio, a rare opportunity to acquire meaningful multifamily scale in one of Colorado's most supply-constrained rental markets. Located in Trinidad, CO, the portfolio benefits from a stable, institutionally anchored workforce — including Mt. San Rafael Hospital, Trinidad State College, and local government — that drives consistent, year-round renter demand. With virtually no new multifamily competition entering the market and naturally affordable rents well below Front Range averages, the portfolio offers a durable occupancy floor and built-in downside protection. Concentrated ownership across multiple assets delivers operating leverage rarely available to buyers in smaller Colorado communities, with immediate expense efficiencies achievable from day one. For an operationally focused buyer, near-term NOI growth is available through leasing discipline, turnover efficiency, and expense optimization — underpinned by a supply-constrained market that structurally supports rent growth over a 3–5-year hold.

Investment highlights

  • Supply-Constrained Market with Virtually Zero New Multifamily Competition
  • Meaningful Portfolio Scale Offering Operating Leverage Rare in Trinidad
  • Durable Workforce Demand Anchored by Hospital, College, and Government Employers
  • Naturally Affordable Rents Insulate Against Downside and Support Stable Collections
  • Value-Add NOI Upside Through Management Optimization and Leasing Discipline

Listing Contacts

AR
CO CO 100024441
MMG
JK
CO CO 100017489
MMG
AS
CO CO 100072371
MMG
Listed by MMG

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$370,085.00
$30,840.42/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Adam Riddle
License
CO 100024441
Brokerage
Capstone Companies
Title
VP & Partner
Brokerage Address
1031 Santa Fe Drive
Name
Jason Koch
License
CO 100017489
Brokerage
MMG
Name
Austin Smith
License
CO 100072371
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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