700 Red Table Dr 16 Unit Apartment Building $8,890,880 CAD ($555,680 CAD/Unit) 6.24% Cap Rate Gypsum, CO 81637

Located at 700 Red Table Drive in Gypsum, Colorado, this attractive mixed-use property offers an excellent blend of residential stability and commercial flexibility. The building contains three commercial units, six one-bedroom/one-bathroom apartments, and seven two-bedroom/two-bathroom units, for a total of 16 units. This well-diversified unit mix provides strong income potential and appeals to a wide range of tenants in the growing Eagle County market.
The property is fully fire sprinklered and fire alarmed throughout, ensuring outstanding safety and code compliance for both owners and tenants. Every unit is individually metered for gas service, while electric is efficiently billed back to tenants on a monthly basis through the RUBS (Ratio Utility Billing System), helping to minimize the owner’s utility expenses and improve overall net operating income.
Each residential unit features desirable modern amenities, including a dedicated office space, in-unit washer and dryer, and generous storage. These thoughtful additions make the apartments especially attractive to working professionals, remote workers, and families seeking convenience and functionality in mountain living. The spacious and practical layouts support strong tenant satisfaction and longer lease terms.
Situated in the heart of Gypsum, this asset benefits from strong demand for both workforce housing and commercial services. The combination of quality construction, modern safety systems, and favorable utility metering makes this property particularly attractive to investors seeking reduced operational burdens.
Investors will also appreciate the versatile commercial spaces, which offer flexible opportunities for retail, professional services, or small businesses. With a balanced tenant base that includes both residential and commercial users, this property supports consistent cash flow and strong tenant retention.
700 Red Table Drive represents a turn-key investment with built-in efficiencies and long-term upside. Its strategic location in one of Colorado’s most desirable mountain communities, combined with premium residential features and operational advantages, positions it for continued appreciation as the region expands. This makes it an ideal addition to any investor’s portfolio looking for reliable income in a high-demand rental market.