502 S San Juan Ave - Apartments FOR SALE


Buena Vista, CO 81211
$2,900,000 USD
417-459-2155
502 S San Juan Ave, Buena Vista, CO for Sale
$2,900,000 USD
Apartments - FOR SALE
1/11
null | 7.87% Cap Rate

502 S San Juan Ave
Buena Vista, CO 81211


HIGHLIGHTS

  • New stucco, windows, decking, and a 2020 roof with a 40-year transferrable warranty minimize future capital expenditures.
  • Operates on a well system, significantly reducing utility costs and enhancing profitability with long-term, affordable water access.
  • Full renovations and strong rental demand provide consistent cash flow, with potential to push rents in the current high-demand market.
  • Buena Vista offers access to world-class white-water rafting on the Arkansas River, ski resorts like Breckenridge, Aspen, and Monarch Mountain, etc

OVERVIEW

Cushman & Wakefield is pleased to present a prime investment opportunity at The Meadows Apartments in Buena Vista—an impeccably renovated 12-unit multifamily property. This asset stands out with modern upgrades and high-quality renovations, offering immediate operational efficiencies, long-term stability, and a location that promises consistent demand. This 12-unit multifamily property presents an exceptional opportunity for investors seeking a turn-key, low-maintenance asset with high cash flow potential. The property has been extensively upgraded, including new stucco, windows, decking, and a new roof in 2020 with a transferrable 40-year warranty, providing peace of mind and reducing potential capital expenditures for investors. The property also benefits from a unique operational advantage—water rights associated with a private well system, significantly lower utility costs and offer a sustainable/affordable water source. Each of the 12 spacious, well-appointed units have been thoughtfully designed providing tenant comfort and energy efficiency, making it highly attractive to a diverse tenant base. Given the strong demand for rental housing in Buena Vista, coupled with the property’s modern condition and recent upgrades, this asset offers stable cash flow with the added potential for rent increases in the current high-demand market. With low operating costs and minimal competition, this property presents a rare and highly profitable opportunity for a multifamily property in Buena Vista.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$355 USD /SF

# OF UNITS

12

PRICE/UNIT

$241,667

CAP RATE

7.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Meadows

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

R1

APN/PARCEL ID

R327117100228

ASK ABOUT THIS PROPERTY

Lee WagnerCushman & WakefieldMore Info
417-459-2155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Lee WagnerCushman & WakefieldMore Info
417-459-2155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.