21980 HWY 285

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21980 HWY 285

FAIRPLAY, CO 80440
Asking Price
$14.50M
Cap Rate
6.5%
Asset Type
Multifamily
Class
Class B

What's Special

A Stabilized, High-Yield Workforce Housing Investment Serving Breckenridge Ski Resort <p>• Located 22 Miles to Breckenridge Ski Resort</p><p>• Strong In-Place Cash Flow, 96 Occupied TOH Lots</p><p>• $500K+ Recent Capital Improvements (Newly Paved Roads, New Playground, New Gazebo, etc)</p><p>• Below-Replacement Cost Basis</p><p>• Supply-Constrained Mountain Market With Major Demand For Affordable Housing</p><p>• High Barriers To Entry Due To Zoning, Elevation, Topography, And Limited Developable Land</p><p>• Mark-To-Market Rent Upside</p><p>• Water, Sewer, And Trash Included In R

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NOI
$80,000
Cap Rate
0.55%
DSCR
0.09
Underwater
Cash-on-Cash
-17.95%
Monthly Payment
$71,738.089
Annual Cash Flow
$-780,857.062

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