1006 Yampa Ave Craig, CO 81625

This exceptional 31-unit apartment building presents a compelling investment opportunity in Craig, Colorado. Located at 1006 Yampa Ave, this multifamily property boasts a total of 29,056 square feet situated on a 1.49-acre lot. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $226,656, translating to a 7.08% capitalization rate. The asking price is $3,200,000, or $103,226 per unit, and the price per square foot is $110.13. The property features convenient off-street parking and an on-site management office, simplifying operations. Benefiting from a tight rental market and a low property tax base, this asset offers significant potential for future growth. Recent improvements include a new roof installed in 2021 and a recently repainted exterior. While portions of the property were built in 1943, the townhome section was constructed in 1976. This well-maintained property is an ideal addition to any investor's portfolio, offering strong cash flow and long-term appreciation potential in a thriving rental market. The property's location in Moffat County, Colorado, with the zip code 81625, provides easy access to local amenities and services. This is a turnkey investment ready for immediate income generation.