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Remington Village Apartments 1125 W 6th St 64 Unit Apartment Building $5,807,027 CAD ($90,735 CAD/Unit) 6.80% Cap Rate Craig, CO 81625
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Remington Village Apartments, a 64-unit multifamily community located in Craig, CO, primmed for renovation. This property offers
a unique investment opportunity in a stable market with strong demand for obtainable housing. The complex features a mix of two- and three-bedroom units with significant
vacancy, allowing an investor to immediately renovate units. With limited new competition in the area, the property presents opportunities for rent growth and operational
efficiencies. Located in a region with a diverse economy driven by energy, agriculture, and other industries, Remington Village Apartments offers a compelling opportunity for
investors seeking to get their hands dirty and create value.
a unique investment opportunity in a stable market with strong demand for obtainable housing. The complex features a mix of two- and three-bedroom units with significant
vacancy, allowing an investor to immediately renovate units. With limited new competition in the area, the property presents opportunities for rent growth and operational
efficiencies. Located in a region with a diverse economy driven by energy, agriculture, and other industries, Remington Village Apartments offers a compelling opportunity for
investors seeking to get their hands dirty and create value.
PROPERTY FACTS
| Price | $5,807,027 CAD | Building Class | C |
| Price Per Unit | $90,735 CAD | Lot Size | 2.54 AC |
| Sale Type | Investment | Building Size | 80,409 SF |
| Cap Rate | 6.80% | Average Occupancy | 70% |
| No. Units | 64 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $5,807,027 CAD |
| Price Per Unit | $90,735 CAD |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.54 AC |
| Building Size | 80,409 SF |
| Average Occupancy | 70% |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 40 | - | 800 - 850 |
| 3+1 | 24 | - | 1,150 |
PROPERTY TAXES
| Parcel Number | R006813 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $194,232 CAD |
PROPERTY TAXES
Parcel Number
R006813
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$194,232 CAD
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Remington Village Apartments | 1125 W 6th St
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