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223 Main St 4 Unit Apartment Building $851,904 CAD ($212,976 CAD/Unit) Meeker, CO 81641
Investment Highlights
- Unique owner-user investment opportunity featuring a single-family home and income-producing triplex on one lot
- Current rents are significantly below market, creating substantial upside for an incoming owner
- Triplex currently generates $1,800/month, with market rents estimated at $2,700/month
- Live in the main house while the triplex income helps offset the mortgage, or operate all four units as a single rental portfolio
- Single-family home currently rents for $1,790/month with market rent estimated at $2,500/month
- Stabilized monthly rental income of $5,200, representing approximately 44.8% upside from current rents
Executive Summary
223 Main Street pairs a single family home with a three-unit income property on one lot in downtown Meeker — a layout that works equally well for an owner-occupant looking to offset their mortgage or an investor building a small rental portfolio.
Every unit on the property is currently rented below today's market. As leases turn, inplace rents have room to climb toward stabilized levels, creating a clear, near-term path to increased cash flow without new construction or major capital improvements. At full stabilization, the property is projected to produce $5,200/month in combined rent — a 44.8% increase over current in-place income.
Can be purchased As-Is or part of a Mobile Home Park Collection consisting of 75 units also in Meeker, CO.
Every unit on the property is currently rented below today's market. As leases turn, inplace rents have room to climb toward stabilized levels, creating a clear, near-term path to increased cash flow without new construction or major capital improvements. At full stabilization, the property is projected to produce $5,200/month in combined rent — a 44.8% increase over current in-place income.
Can be purchased As-Is or part of a Mobile Home Park Collection consisting of 75 units also in Meeker, CO.
Property Facts
| Price | $851,904 CAD | Building Class | B |
| Price Per Unit | $212,976 CAD | Building Size | 5,633 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 4 | Year Built | 1950 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $851,904 CAD |
| Price Per Unit | $212,976 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 5,633 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R001540 | Improvements Assessment | $40,323 CAD |
| Land Assessment | $8,228 CAD | Total Assessment | $48,552 CAD |
Property Taxes
Parcel Number
R001540
Land Assessment
$8,228 CAD
Improvements Assessment
$40,323 CAD
Total Assessment
$48,552 CAD
Contacts
-
David Barocas -
Andrew Monette -
Corey Sandberg -
Morgan Wheeler -
Pinnacle Real Estate Advisors
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223 Main St
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