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24-Unit Multifamily Investment Opportunity

863 E Main Street, Rangely, CO 81648

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For Sale

$1,800,000

Two buildings totaling 24 units near Colorado Northwestern Community College.

Type:Commercial/Industrial

Property size:

19,584 SF

Lot size:

1.58 Acres

Price / SF:

$91/SF

HighLights

24 Units (2 Buildings) - Substantial multi‑family investment opportunity.
Prime Location - Close proximity to Colorado Northwestern Community College ensures consistent tenant demand.
Desirable 2‑Bedroom, 1‑Bathroom Layouts for renters.
Recent Upgrades - Includes a newly paved asphalt parking lot and renovated units.
Strong Rental Demand - High occupancy potential due to location and college proximity.
Built in 1979 - Well‑maintained and upgraded over the years.

We can help!

Listing Contact

Michael Tilley

For Sale

$1,800,000

Two buildings totaling 24 units near Colorado Northwestern Community College.

Type:Commercial/Industrial

Property size:

19,584 SF

Lot size:

1.58 Acres

Price / SF:

$91/SF

Added:: Aug 25, 2024
Days on Market:: 659
Last Refresh:: May 20 at 1:44 am

Property Features for 863 E Main Street

General Information

Standard status: Active
Size: 19,584 SF
Lot size: 1.58 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1979

We can help!

Listing Contact

Michael Tilley

Listing agent Michael Tilley License #40022678

Listing office Tradewind Real Estate LLC

Listing date Aug 25, 2024

Source Exitrealty

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All listing content including descriptions, pricing, images are the copyrighted material of Tradewind Real Estate LLC

HighLights

24 Units (2 Buildings) - Substantial multi‑family investment opportunity.
Prime Location - Close proximity to Colorado Northwestern Community College ensures consistent tenant demand.
Desirable 2‑Bedroom, 1‑Bathroom Layouts for renters.
Recent Upgrades - Includes a newly paved asphalt parking lot and renovated units.
Strong Rental Demand - High occupancy potential due to location and college proximity.
Built in 1979 - Well‑maintained and upgraded over the years.

Overview

This offering presents an investment opportunity featuring a multi-family complex comprising 24 units across two buildings. Each unit offers a two-bedroom, one-bathroom layout. The property is located near Colorado Northwestern Community College, which is known for its Dental Hygiene, Aviation, and Park Ranger Training Programs. Constructed in 1979, the complex has undergone upgrades over the years, including a newly paved asphalt parking lot and renovated units. The property size is 19584 square feet. The location and upgrades contribute to strong rental demand and potential for steady income.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City: Rangely
County: Rio Blanco
State: Colorado
Longitude: -108.791
Latitude: 40.0875

For sale
Apartment buildings
CO
Rangely
81648
863 E Main Street

What type of property is this?

Apartment building - Two buildings totaling 24 units near Colorado Northwestern Community College.

Where is this apartment building located?

The property is located at 863 E Main Street Rangely, CO.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 24 Units (2 Buildings) - Substantial multi‑family investment opportunity.; Prime Location - Close proximity to Colorado Northwestern Community College ensures consistent tenant demand.; Desirable 2‑Bedroom, 1‑Bathroom Layouts for renters.