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Christine Gwinnup

thelittleladyinc@gmail.com +1(303) 709-4262

$ 1,100,000

Est. payment | -/mo

9,264 SqFt

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$ 1,100,000

Est. payment | -/mo

Save

9,264 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,264 sqft

Subdivision Akron

MLS Listing ID IRE1069679

HOA Y/N No

Year Built 1984

Annual Tax Amount $5,943

Tax Year 2025

Lot Size 0.740 Acres

Acres 0.74

Property Sub-Type Multi Family

Source ires

Property Description

Fairview Apartments offers an immediate, dependable cash flow opportunity for a local owner-operator or regional investor looking to build generational wealth with an asset that is as easy to run as it is rewarding to own. Situated in a warm, friendly town known for its welcoming atmosphere, safety, and strong sense of community, the property attracts long-term, conscientious tenants who take pride in where they live. Neighborhood amenities, local parks, and everyday conveniences are just minutes away, making it a place residents are proud to call home. All major capital projects and interior deferred maintenance are 100% complete-featuring brand-new exterior siding, fresh paint, clean landscaping, and updated water heaters and appliances throughout. Operations are simple and cost-efficient. Tenants pay their own electric, and every unit has been upgraded with two through-the-wall A/C units, giving residents full air conditioning-a rare competitive advantage in the local rental market. A dedicated on-site laundry room equipped with two commercial SpeedQueen washers and two dryers (all under two years old) generates an additional $3,600 in reliable annual cash flow. With five units completely renovated and three partially updated, the complex delivers steady, day-one income supported by a respectful, established tenant base. Eight classic yet clean units remain for you to update at your own pace to capture higher rents. Priced at just $68,750 per unit, the property operates at an honest 9.33% in-place cap rate ($102,600 NOI), putting roughly $36,700 in clear annual cash flow in your pocket after servicing a standard 75% bank loan.

Location

State CO

County Washington

Community Akron

Area Washington

Zoning MFH

Rooms

Basement None

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Appliance No Units Furnished, Electric Range, Refrigerator, Fire Alarm

Exterior

Fence Partial

Community Features Playground, Park, Community Laundry

Utilities Available Natural Gas Available, Electricity Available, Separate Meter Electricity

View Y/N No

Roof Type Composition

Improvements No

Garage No

Building

Lot Description Level, Paved, Curbs, Gutters, Sidewalks, Street Light

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Composition,Concrete

New Construction false

Schools

Elementary Schools Akron

Middle Schools Akron

High Schools Akron R-1

School District Akron R-1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Rebecca Holley

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(303) 709-4262

thelittleladyinc@gmail.com

Loveland, Colorado

333 Custer Akron, CO 80720

Christine Gwinnup

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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333 Custer