40.519787 -107.538246
807 Legion Street Craig CO 81625 289463819 40.519787 -107.538246 60105 /listing/289463819-151082055/807-legion-street-craig-co-81625 False 0 2300000.0 31040 101 100 6864278 False 1976 1.65 1.65

807 Legion Street

Craig, CO 81625 MLS# 6864278

Active 02/24/21

289463819 False False 40.519787 -107.538246 60105 /listing/289463819-151082055/807-legion-street-craig-co-81625 False 0 2300000.0 31040 101 6864278 False 50389854 0
$2,300,000
MLS# 6864278
Active 02/24/21
  1. Listed on 02/24/21
  • 31,040 Square Feet Sq.Ft
  • 1.65 Acres
  • 1976 Year Built Yr. Built
807 Legion Street Craig, CO 81625 MLS# 6864278
Active 02/24/21
289463819 40.519787 -107.538246 60105 /listing/289463819-151082055/807-legion-street-craig-co-81625 False 0 2300000.0 31040 101 6864278 False
$2,300,000
  • 31,040 Square Feet
  • 1.65 Acres
  • 1976 Year Built
  1. Listed on 02/24/21
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Description

The Highland Green Apartments are located 45 minutes west of Steamboat Springs in Craig, Colorado. The area is a vital bedroom community for the Steamboat and Craig workforces and is the gateway to northwest Colorado recreation. The property was constructed in 1976 and consists of 31,040 ' on 1.65 acres. Ten buildings house the 40 one- & two-bedroom units. Located on the east side of Craig near the City Park & Pool and elementary schools. Priced at $74.10 PPSF or $57,500 average per unit. Many improvements including renovation of multiple units, new cabinetry, repainting of all units and common area, new flooring throughout, landscaping and drainage. Great location with ample parking completes this great investment property. Multiple Listing number 9348404 is also for sale for $3M and is owned by the same Seller.

Courtesy Of COLORADO GROUP REALTY
Listing Information
  • Property Type: Commercial Sale
  • Property Subtype: Multi-Family
  • Structure Type: Mid Rise (4-7)
  • Architecture: Traditional
  • PSF Total: 74.10
  • Price Per Acre: 1393939.39
  • Year Built: 1976
  • Year Built Effective: 1976
  • Construction Materials: Concrete, Frame, Vinyl Siding
  • Current Use: Multi-Family
  • Directions: On the east side of Craig, Legion Street North for approx 3 blocks. Complex will be on the right.
  • Building Name: Highland Green
  • Building Features: Coin Laundry, Laundry
  • Stories: 2
Interior Features
  • Number of Units: 40
  • Occupant Type: Tenant (Multiple)
  • Unit Count: 2
Parking/Garage
  • Parking Lot
  • Parking Description: open
  • Parking Type: Parking Lot
  • Parking: Asphalt
  • Parking Total: 0
  • Total Offstreet Spaces: 0
Community/Neighborhood Information
  • Development Name: Craig
  • Walk Score: 38
HOA
  • 2nd HOA Fee (Annual Total): 0.00
  • 3rd HOA Fee (Annual Total): 0.00
  • Master HOA Fee (Annual Total): 0.00
  • Total Annual HOA Fees: 0.00
Financial Considerations
  • Owner Pays Utilities: Internet, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity
  • Actual Annual Net Income: 162000.00
  • Cap Rate: 7.04
  • Cap Rate Calculation: $162000/$2.3=7.04
  • Gross Income: 284003.00
  • Legal Description: SUBD: VICTORY HEIGHTS TRACTS 42,44,46,48
  • Operating Expense: 121743.00
  • Operating Expense Includes: Accounting, Advertising, Association, Insurance, Internet, Maintenance, Professional Management, Real Estate Tax, Staff, Utilities
  • Tax Amount: 7288.00
  • Tax ID: R008112
  • Tax Year: 2020
  • Water Included YN: Y
Exterior & Lot Features
  • Access: Public Road
  • Roof: Composition
  • Road Surface: Paved
  • Lot Features: Corner Lot, Cul-De-Sac, Greenbelt, Landscaped
  • Road Responsibility: Private Maintained Road
Utilities & Green Home Features
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected
  • Water Source: Public
  • Electric Service: 110V
Schools Near 807 Legion Street Craig, CO
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