206 E Main St 16 Unit Apartment Building $864,000 ($54,000/Unit) Rangely, CO 81648

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.