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Eagle's Nest is a section 42 affordable apartment community, owner managed, in Rifle CO. The property is being offered freeand clear of debt to a new investor. This investment opportunity, built in 2006, includes 8 one-bedroom (each at 689 squarefeet), 13 two-bedroom (each at 862 square feet, with one at 1,148), and 9 three-bedroom (each at 1,148 square feet)apartments as well as an 1,148 square foot office spread across 3.9 acres in Rifle, CO. The property includes additional rentable storage spaces as well as on-site laundry and a playground area. Cap rate is just over 4%. Apartments are currently at 100% occupancy with a waiting list. New rent roles will be available in May. Contact broker for more details regarding leases and operations.

Property Details of 1041 W 24th Street

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Listed by Lee Roufa of Engel & Volkers Telluride

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