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32616308
32616307

359 Warren Avenue, Silverthorne, CO 80498

AR
CO CO 100024441
MMG
AS
CO CO 100072371
MMG
JK
CO CO 100017489
MMG
SB
EO-100081587
MMG
Listed by MMG
$7,250,000
23 days on market
Updated 23 days ago

Warren Avenue Townhomes

Details
APN 6500599
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,002
Units 13
Beds 2
Cap Rate 5.11%
NOI $370,687
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.66%
Pro-Forma NOI $410,545
Price per SqFt $483
Class B
Year Built 1998
Year Renovated 2025
Buildings 3
Stories 3
Acreage 1.340
Zoning Residential
Parking Spaces 52 spaces
Parking Per SqFt 3.47
Investment Type Stabilized

Summit County Investment Opportunity | 13-Unit Townhome Community

Marketing description

MMG Real Estate Advisors is pleased to present the opportunity to acquire Warren Avenue Townhomes, a 13-unit true townhome community located in Silverthorne, Colorado. Situated in the heart of Summit County at the convergence of Colorado's premier ski resort submarket, the property offers an exceptionally rare combination of turnkey physical condition, best in class parking, and walkable access to Silverthorne's primary retail and dining corridor. Current ownership has completed a comprehensive capital improvement program since acquiring the property, delivering a stabilized, low capex asset with brand-new roof and gutters, heat trace, exterior paint, LVP flooring, and garage doors across all three buildings. In total, ownership has injected over $600,000 in capital improvements within the last two years. With 100 percent two bath units, attached two-car garages at every unit, and a free and clear debt structure, Warren Avenue presents a compelling workforce housing acquisition in one of Colorado's most supply constrained resort submarkets.

Investment highlights

  • Truly Turnkey: Comprehensive Capital Improvements Completed
  • True Townhome Construction in a Rental Wrapper
  • Best in Class Parking: 2 Garages Spaces and 2 Surface Spaces Per Unit
  • Workforce Housing in a Supply Constrained Submarket
  • Walkable Access to Silverthorne's Primary Retail Corridor
  • Free and Clear Offering with Full Financing Flexibility
  • Mountain Submarket Exposure at a Workforce Basis
  • Superior Unit Mix: 100% Two Bath, Full In-Unit Amenities

Listing Contacts

AR
CO CO 100024441
MMG
AS
CO CO 100072371
MMG
JK
CO CO 100017489
MMG
SB
EO-100081587
MMG
Listed by MMG

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$370,687.00
$30,890.58/mo

Valuation Metrics

0
DSCR
5.11%
Cap Rate
5.11%
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
Austin Smith
License
CO 100072371
Name
Jason Koch
License
CO 100017489
Brokerage
MMG
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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