3465 Douglas St Craig, CO 81625
54-unit apartment complex with upside potential and recent renovations.
Property size:
50,320 SFProperty Features for 3465 Douglas St
General Information
- Size
- 50,320 SF
Building Details
- Year built
- 1980
Source:
Pinnaclerea
Listing Agent: Mike Krebsbach
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Timberglen Apartments in Craig, CO
The Timberglen Apartments at 3465 Douglas St in Craig, CO, comprise 54 units. The unit mix includes fifty-three 2-bedroom/2-bathroom units, each with 940 square feet, and one 500-square-foot studio. The property is located near employment areas, including Memorial Hospital. Capital improvements of almost $500,000 have been made over the last 2 years. The property is currently 100% occupied with a wait list, and units are being pre-leased prior to vacancy. Rent increases of $200 are being achieved on renewals with strong retention rates. The property is managed by BRC. There is an opportunity to convert the leasing office and studio back into a 2-bedroom unit.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Timberglen Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Craig
- County
- Moffat
- State
- Colorado
- Longitude
- -107.5851698
- Latitude
- 40.5109518
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FAQs
What type of property is this?
Apartment building - 54-unit apartment complex with upside potential and recent renovations.
Where is this apartment building located?
The property is located at 3465 Douglas St Craig, CO.
What is the asking price?
The asking price for this property is $5,130,000.
What are key features of this property?
This property features: - 100% Occupied With A Wait List, units being pre-leased prior to vacating; - **$200 Rent Increases Being Achieved On Renewals With Strong Retention Rates**; - Almost $500,000 Spent In Capital Improvements Over The last 2 Years