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Warren Avenue Townhomes 359 Warren Ave 13 Unit Apartment Building $9,930,615 CAD ($763,893 CAD/Unit) 5.11% Cap Rate Silverthorne, CO 80498
Investment Highlights
- Truly Turnkey: Comprehensive Capital Improvements Completed
- Workforce Housing in a Supply Constrained Submarket
- Free and Clear Offering with Full Financing Flexibility
- Best in Class Parking: 4.8 Spaces Per Unit with Attached Two-Car Garages
- Walkable Access to Silverthorne's Primary Retail Corridor
- Superior Unit Mix: 100% Two Bath, Full In-Unit Amenities
Executive Summary
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,930,615 CAD | Building Class | B |
| Price Per Unit | $763,893 CAD | Lot Size | 1.34 AC |
| Sale Type | Investment | Building Size | 14,492 SF |
| Cap Rate | 5.11% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1998 |
| Property Subtype | Apartment | Parking Ratio | 2.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SC-2 | ||
| Price | $9,930,615 CAD |
| Price Per Unit | $763,893 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 14,492 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1998 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | SC-2 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $3,824 CAD | 1,100 |
| 3+2 | 7 | $4,589 CAD | 1,200 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 6500599 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Total Assessment | $137,807 CAD (2024) |
Property Taxes
Parcel Number
6500599
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$137,807 CAD (2024)
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Warren Avenue Townhomes | 359 Warren Ave
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