Apartment Building with Individually Metered
For Sale
$3,575,000
807 Legion St, Craig, CO 81625
Multifamily apartment property with individually metered utilities and in-place cash flow projections.
Property SizeContact for details
Days on Market66
Property Features for 807 Legion St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Cap Rate
7.97%
Amenities
individually metered utilities
Building Details
Year Built
1976
Listing Agency:
Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
(214) 336-6064
Listed By:
Charles Burkhart · License #100103787
(214) 336-6064
Source:
Elliman
Added: Jun 1
Changed: Jul 23
Last Checked: Jul 30 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
Investment Insights
Based on property information with market context.
Highland Green Apartments is a multifamily apartment investment opportunity in Craig, Colorado. The offering is presented with projected performance metrics, including a 7.97% projected cap rate and potential upside to an 8.93% Year 1 cap rate, alongside an estimated 13% cash-on-cash return on day one. The property is positioned to support continued operational efficiencies and organic rent growth, with individually metered utilities designed to improve operational control and reduce landlord exposure to utility expense increases.
In this supply-constrained market, the remarks highlight growing demand for attainable housing across Northwest Colorado. The property also notes BikeScore of 50 (bikeable) and WalkScore of 66 (somewhat walkable).
In this supply-constrained market, the remarks highlight growing demand for attainable housing across Northwest Colorado. The property also notes BikeScore of 50 (bikeable) and WalkScore of 66 (somewhat walkable).
Key Highlights
- Highland Green Apartments multifamily property built in 1976 in Craig, Colorado
- Projected 7.97% cap rate, with upside to an 8.93% Year 1 cap rate (per projections)
- Estimated 13% cash‑on‑cash return on day one (per projections)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 81625, CO
12,560
Population
5,667
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
93%
High-School Grad
1,507.4 sq mi
ZIP Area
8
Density / Sq Mi
$73,649
Median Household Income
$43,764
Median Earnings
$1,059
Median Rent
$266,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily apartment property with individually metered utilities and in-place cash flow projections.
Where is this apartment building located?
The property is located at 807 Legion St Craig, CO.
What is the asking price?
The asking price for this property is $3,575,000.
What are key features of this property?
This property features: Highland Green Apartments multifamily property built in 1976 in Craig, Colorado; Projected 7.97% cap rate, with upside to an 8.93% Year 1 cap rate (per projections); Estimated 13% cash‑on‑cash return on day one (per projections)
