Investment Overview
Introducing a prime investment opportunity in the heart of Glenwood Springs, CO. This meticulously maintained property features 64 units with a proven track record of consistent revenue, boasting a T12 revenue of $3M. Recently renovated in 2023 with a $500k PIP completed, the property offers a compelling 9% cap rate with the potential to achieve an impressive 10.6%++ cap rate in Year 1. With a current valuation significantly below replacement cost at $195K per key, this Commercial zoned property presents a compelling value proposition. Experience the benefit of a new parking revenue stream initiated in 2026, contributing to a projected NOI increase of over $120k in Year 1. Don't miss out on this exceptional investment opportunity.
Investment Highlights
- $3M T12 Revenue Historically Consistent
- $500k PIP Just Completed, No Transfer of Ownership PIP
- 9% Cap in Place, 10.6%++ Cap Year 1
- $195K Per Key, Significantly Below Replacement Cost
- Parking Revenue Started 2026, 120k+ in NOI Increase Year 1