4540 State Highway 67Florence, CO 81226

For Sale
$3,295,000

44 Units, 7.79% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 44-unit apartment building located at 4540 State Hwy 67, Florence, CO 81226. The property boasts 16,942 square feet situated on a 1.86-acre lot, zoned R-3 High Density Residential. Currently operating at 100% occupancy, this two-story building generates a substantial Net Operating Income (NOI) of $256,800, representing a compelling 7.79% capitalization rate. The asking price is $3,295,000, translating to $194.49 per square foot. This multifamily property offers immediate cash flow and significant potential for future growth. The substantial lot size presents opportunities for expansion. The property's strong performance and high occupancy rate in a market with high demand for workforce housing make this an attractive investment. All units are within a single building. This is a turnkey operation with existing management in place. The property is impeccably maintained and offers a stable, high-yielding investment opportunity. The property's location in Florence, Fremont County, Colorado provides easy access to local amenities and services.

Property Details for 4540 State Highway 67

Property type
Multifamily properties, Apartment buildings
Square Feet
16,942 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
81,022 SF
Units
44

Location Insight

City
Florence
County
Fremont
State
Colorado
Latitude
38.3779048
Longitude
-105.1100856
4540 State Highway 67, Florence, Colorado

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4540 State Highway 67
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