Highland Green Apartments Sold for $2,485,000
Demand for Multifamily Investments Remains High, in Spite of Economic Uncertainty
September 25, 2024 – Colliers Denver Multifamily Advisory Group brokered the sale of Highland Green Apartments for $2,485,000 ($62,125 per unit and $86 per square foot). Oliver Stutz, Bill Morkes and Craig Stack of Colliers worked as a transaction broker in this sale.
Highland Green Apartments is a 40-unit apartment community built in 1976 and located at 807 Legion St, Craig, CO 81625, about 45 minutes west of Steamboat Springs. The property, situated off US Route 40, is found in the northeast part of the city surrounded by natural beauty in the picturesque Yampa Valley. This location is uniquely desirable to residents seeking a small-town charm, recreational opportunities for hunting and fishing, or affordability when compared to some urban areas. Prior to the sale, the Seller had proven increase in rents is attainable and it is the undisclosed buyers plan to work on getting them all up to market.
About Colliers
Colliers Denver Multifamily Advisory group specializes in the disposition of multifamily assets in Colorado and the surrounding states including market-rate, affordable, senior, student, mixed-use assets, and land suitable for multifamily development.
For More Information
Oliver Stutz
Broker Associate | Multifamily Investments
Dir +1 303 283 4568 | Mob +1 513 544 1195
olive.stutz@colliers.com
Bill Morkes
Senior Vice President | Multifamily Investments
Dir +1 303 283 4583 | Mob +1 303 351 1371
bill.morkes@colliers.com
Craig Stack
Senior Vice President | Multifamily Investments
Dir +1 720 833 4602 | Mob +1 303 931 2274
craig.stack@colliers.com
