7-Unit Apartment Building - 100% Occupied, Seller Financing
Business Description
Seven-unit apartment building in a small western Colorado town, fully occupied and offered with seller financing to a qualified buyer. The unit mix is six one-bedroom/one-bath apartments plus one four-bedroom/two-bath unit, with a shared laundry room on site.
The current rent roll reflects 100% occupancy across all seven units, with gross scheduled rent of approximately $106,200 annually. Leases are staggered through 2027, providing near-term income visibility rather than a concentrated renewal cliff.
Per the seller, the property has undergone significant capital work, including a new roof, new exterior paint, and remodeling across all units. Buyers will want to review documentation of this work during diligence.
The building sits in a walkable in-town location within the Delta County 50(J) school district. The surrounding town has grown roughly 8.8% since the 2020 census, and the local housing stock is heavily weighted toward detached single-family homes, meaning purpose-built rental supply in the immediate market is limited.
This is a fee simple sale of the real estate. There is no operating business, no employees, and no inventory conveying. A buyer acquires the land, the building, and the in-place leases.
Seller financing is available to a qualified buyer with $750,000 down.
Operating expense statements, the current property tax bill, and insurance documentation are available to qualified buyers upon request and execution of a confidentiality agreement. Buyers should complete their own independent verification of income, expenses, condition, and permitting.
Contact us today to learn more about this opportunity and request additional information.
The current rent roll reflects 100% occupancy across all seven units, with gross scheduled rent of approximately $106,200 annually. Leases are staggered through 2027, providing near-term income visibility rather than a concentrated renewal cliff.
Per the seller, the property has undergone significant capital work, including a new roof, new exterior paint, and remodeling across all units. Buyers will want to review documentation of this work during diligence.
The building sits in a walkable in-town location within the Delta County 50(J) school district. The surrounding town has grown roughly 8.8% since the 2020 census, and the local housing stock is heavily weighted toward detached single-family homes, meaning purpose-built rental supply in the immediate market is limited.
This is a fee simple sale of the real estate. There is no operating business, no employees, and no inventory conveying. A buyer acquires the land, the building, and the in-place leases.
Seller financing is available to a qualified buyer with $750,000 down.
Operating expense statements, the current property tax bill, and insurance documentation are available to qualified buyers upon request and execution of a confidentiality agreement. Buyers should complete their own independent verification of income, expenses, condition, and permitting.
Contact us today to learn more about this opportunity and request additional information.
About the Business
- Years in Operation
- 79
- Currently Home Based
- Yes
- Facilities & Assets
- Fee simple sale of the real estate - no lease risk. Approximately 5,226 sq ft of building on a 0.30-acre in-town parcel, originally constructed in 1947. Seven units total: six 1BR/1BA apartments plus one 4BR/2BA unit, with a shared laundry room serving the building. Per the seller, the roof and exterior paint are new and all units have been remodeled. Land, building, and all in-place leases convey at closing.
- Market Outlook / Competition
- The property sits in a Delta County town of roughly 2,486 residents that has grown about 8.8% since the 2020 census. Median household income is approximately $47,614. Homeownership locally runs near 78%, and roughly 71% of the housing stock is detached single-family, meaning dedicated multifamily rental supply in the immediate market is thin. Competing purpose-built apartment inventory in town is limited.
- Opportunities for Growth
- The seller's own rent schedule shows at least one unit currently leased below its stated market rate, offering measurable upside at renewal. The shared laundry room presents a potential ancillary income stream if not already being monetized. Staggered lease expirations through 2027 allow a new owner to reset rents incrementally rather than all at once, and professional third-party management could be introduced by an out-of-area buyer.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 5,200
About the Sale
- Seller Motivation
- Seller is divesting a rental property from a larger local portfolio.
- Transition Support
- The seller will make operating records, lease files, and vendor contacts available through the diligence period and will support an orderly transition of tenant relationships, rent collection, and any existing service arrangements. No employees convey with the sale.
- Financing Options
- Seller financing available to a qualified buyer with $750,000 down.
Listing Info
- ID
- 2544205
- Listing Views
Listing ID: 2544205 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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