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863 Main St Rangely, CO 81648

For Sale
$1,800,000

24-Unit Apartment Complex, High Demand

Property size:
19,584 SF

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional investment opportunity presents a well-maintained multi-family complex comprising two buildings located at 863 E Main Street and 125 Darius Street, Rangely, CO 81648. The property encompasses a total of 19,584 square feet and features 24 individual units, each boasting a two-bedroom, one-bathroom layout. Built in 1979, the complex has undergone significant upgrades throughout its history, including a recently paved asphalt parking lot and numerous renovated apartment units. Its prime location near Colorado Northwestern Community College, known for its programs in Dental Hygiene, Aviation, and Park Ranger Training, ensures a consistent stream of tenants and strong rental demand. This translates to a promising investment with significant potential for steady income generation. The property offers a compelling opportunity for investors seeking a well-established, income-producing asset in a desirable location. The existing infrastructure and recent improvements minimize immediate capital expenditure needs, allowing for a swift return on investment. The property's size and unit configuration provide flexibility for future management and potential expansion. This is a rare opportunity to acquire a substantial multi-family property in a growing community. The asking price is $1,800,000.

Property Features for 863 Main St

General Information

Property type
Residential income properties
Square Feet
19,584 SF

Building Details

Year Built
1979

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

Map

City
Rangely
County
Rio Blanco
State
Colorado
Longitude
-108.7905
Latitude
40.08734

FAQs

What type of property is this?
Residential income property - 24-Unit Apartment Complex, High Demand
Where is this residential income property located?
The property is located at 863 Main St Rangely, CO.
What is the asking price?
The asking price for this property is $1,800,000.
More about this property
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