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4540 State Highway 67

44 Unit Block of Flats £2,308,228 (£52,460/Unit) 8.71% Net Initial Yield Florence, CO 81226

Executive Summary

Looking for a hassle-free investment opportunity in multi-family? Look no further than this gem in Florence, CO. Boasting 44 units, this property stands as a beacon of stability where workforce housing is in high demand, evidenced by its impressive 100% occupancy rate and waiting list. Priced at an attractive 8% CAP, this investment promises solid returns from the get-go. With the convenience of onsite property management, maintenance, and cleaning services, the operations run seamlessly, ensuring peace of mind for investors.
impeccably maintained, this property offers immediate cash flow, fulfilling every investor's dream. Additionally, the inclusion of approximately 1 acre of usable land presents exciting possibilities for expansion, whether through the addition of tiny homes or
similar housing options. Seize the opportunity to turn your investment dreams into reality!

Property Facts

Price £2,308,228
Price Per Unit £52,460
Sale Type Investment
Net Initial Yield 8.71%
No. Units 44
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.87 AC
Building Size 16,942 SF
Number of Floors 2
Year Built 2023
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000099104558
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£157,179
  • Listing ID: 32056901

  • Date on Market: 07/06/2024

  • Last Updated:

  • Address: 4540 State Highway 67, Florence, CO 81226

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