7-Unit Multifamily in Cedaredge, CO

The property is a seven-unit apartment building in downtown Cedaredge, Colorado, a small town on the Grand Mesa in Delta County. The unit mix is six one-bedroom, one-bath apartments plus a single four-bedroom, two-bath unit, with a shared laundry room serving the building. The parcel is 0.30 acres and the structure dates to 1947.

All seven units are currently leased, with gross scheduled rent of $8,850 per month, or approximately $106,200 annually. Lease terms are staggered across 2026 and 2027 rather than expiring together, which gives a new owner visibility on near-term income and the ability to address units individually at renewal rather than facing a single concentrated turnover event.

Per the seller, the building has received meaningful capital investment, including a new roof, new exterior paint, and remodeling across the units. Documentation of this work is available for review during diligence.

This is a fee simple sale of the real estate. No operating business, employees, or inventory conveys. A buyer acquires the land, the building, and the leases in place.

The building operates as a straightforward residential rental property. There are no employees, no commercial tenants, and no business operations attached to the sale.

The current rent schedule shows one-bedroom units leased between $1,120 and $1,255 per month and the four-bedroom unit at $1,560. A shared laundry room serves the building. Leases run from 2026 into 2027 on staggered end dates.

A buyer may continue with the existing management arrangement, engage third-party property management, or self-manage. Seven units in a single building on one parcel is a scale that supports either approach.

The building sits on a residential block in the downtown grid, within the Delta County 50(J) school district. Cedaredge is roughly 17 miles from Delta Health Hospital and about 161 miles from the nearest metropolitan area of 50,000 or more. The market is car-dependent, with over 85 percent of residents driving alone to work.