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Property profile & analytics
OFF-MARKET
Multifamily properties

485 Washington St Craig, CO 81625

11,040 SF 0.45 ac lot Built 1975
Property ID
US13-2178585
Property summary
AI-generated overview

This exceptional 12-unit multi-family building, located at 485 Washington Street in Craig, Colorado, presents a compelling investment opportunity. Spanning 11,040 square feet on a 0.45-acre lot, this three-story building is in excellent condition and boasts numerous desirable features. The attractive exterior showcases accented windows, brick, slate, and tile accents, reflecting quality construction and curb appeal. Interior upgrades include modern kitchens, complete with all appliances. Each unit includes a convenient storage locker. Tenant comfort and convenience are maximized with central air conditioning, laundry facilities on each floor, and off-street parking. The building's low-maintenance design incorporates light sensor auto-lighting, heat-taped seamless gutters, and a French draining system, minimizing ongoing expenses. Residents enjoy stunning views of City Parades from their balconies and the added benefit of proximity to recreational amenities. A short walk takes residents to tennis courts, basketball courts, a wave pool, and the O P Bar & Grill. The building's central location and excellent condition have historically resulted in high occupancy rates, making this a truly attractive investment prospect. The previous owner's meticulous upkeep ensures a smooth transition for new ownership. This property offers a blend of attractive features, low maintenance, and a prime location, promising strong returns for the discerning investor. The asking price is $1,400,000.

Property profile
Verified
Property type Multifamily properties
Year built 1975
Total area 11,040 SF
Lot 0.45 ac (19,602 SF)
UPID US13-2178585
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rmc apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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