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206 E Main St 16 Unit Apartment Building $864,000 ($54,000/Unit) Rangely, CO 81648
INVESTMENT HIGHLIGHTS
- IDEAL FOR MISSION-DRIVEN, RURAL, OR VALUE-ADD INVESTOR
- SIGNIFICANT PRE-DEVELOPMENT COMPLETED
- RANGELY HAS AN IMMEDIATE NEED FOR RENTAL UNITS
- MAIN STREET LOCATION & PROXIMITY TO NEARBY ATTRACTIONS
EXECUTIVE SUMMARY
Adora Apartments is a 16-unit multifamily property located at 206 E. Main Street, Rangely, Colorado. The property comprises three buildings on a 0.84-acre lot, offering 12,148 square feet of rentable space and 40 dedicated parking spaces. Built in 1993, the asset is strategically positioned on Main Street, close to local attractions and essential
amenities including schools, healthcare, and the Colorado Northwestern Community College. Adora Apartments presents a compelling investment opportunity in a small but strategically located Colorado town. With current rental demand, upside potential through rent increases and expansion, and solid fundamentals, the property is ideal for investors seeking a value-add opportunity in an affordable, underserved market.
amenities including schools, healthcare, and the Colorado Northwestern Community College. Adora Apartments presents a compelling investment opportunity in a small but strategically located Colorado town. With current rental demand, upside potential through rent increases and expansion, and solid fundamentals, the property is ideal for investors seeking a value-add opportunity in an affordable, underserved market.
PROPERTY FACTS
| Price | $864,000 | Apartment Style | Low-Rise |
| Price Per Unit | $54,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.76 AC |
| No. Units | 16 | Building Size | 12,148 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1993/2025 |
| Price | $864,000 |
| Price Per Unit | $54,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.76 AC |
| Building Size | 12,148 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1993/2025 |
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PROPERTY TAXES
| Parcel Number | R100321 | Improvements Assessment | $29,260 |
| Land Assessment | $2,650 | Total Assessment | $31,910 |
PROPERTY TAXES
Parcel Number
R100321
Land Assessment
$2,650
Improvements Assessment
$29,260
Total Assessment
$31,910
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206 E Main St
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