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101 Gregory St, Central City, CO 80427, Central City, CO 80427 | Multifamily Income Property

101 Gregory St, Central City, CO 80427, Central City, CO 80427
Featured Multifamily
REI Capital advisor
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Market Insight

Opportunity

Value-Add Opportunities for Enhanced Returns: While the property is already well-maintained, there are potential upside strategies to boost NOI and asset value. For example, implementing a rent optimization program could increase revenue, given the strong market demand. Additionally, exploring energy-efficient upgrades or adding premium amenities (e.g., smart home features) could justify higher rents and improve operational efficiency. The stable cash flow from current operations provides a foundation to fund such initiatives, potentially elevating the cap rate and overall investment yield over time.

Market Insight

Strength

Strong Financial Performance with Attractive Entry Metrics: The property demonstrates solid financial fundamentals, with a 5.70% cap rate and an NOI of $330,380, providing immediate cash flow. The sale price of $5,800,000 translates to a calculated price per square foot of $431.10 and a price per unit of $322,222, which is competitive for a Class C mid-rise building in a growing market like Central City. Annual property taxes of approximately $25,000 are relatively low, enhancing net returns. This positions the asset as a stable income-generating investment with potential for appreciation, especially given its modern 2025 construction.

Market Insight

Strength

Prime Location in a Dynamic Growth Market: Situated in Central City, Colorado, the property benefits from a vibrant and expanding local economy. The area’s growth potential, as highlighted in the overview, suggests increasing demand for rental housing, which could drive occupancy and rental rates upward. The address offers accessibility and convenience, appealing to residents seeking a connected lifestyle. This location advantage reduces vacancy risks and supports long-term value creation, making it a strategic hold for portfolio diversification in Colorado’s multifamily sector.

Market Insight

Strength

Modern Construction and High-Quality Amenities Drive Tenant Appeal: Built in 2025, the building is virtually new, minimizing near-term capital expenditures for repairs or renovations. It features essential amenities such as air conditioning, heating, fully equipped kitchens, 24-hour access, controlled entry, community-wide Wi-Fi, elevator service, bicycle storage, and free covered parking. These modern conveniences enhance tenant satisfaction and retention, allowing for competitive rental pricing and lower turnover costs. The Class C classification offers a balance of affordability and quality, targeting a broad tenant base.

Market Insight

Strength

Risk Mitigation through Stable Cash Flow and Market Resilience: The property’s consistent NOI and low tax burden contribute to reliable cash flow, reducing financial volatility. Central City’s dynamic market context offers resilience against economic downturns, as multifamily assets often maintain demand during uncertain periods. However, investors should monitor factors like zoning regulations (currently unspecified) and potential increases in operating costs. Overall, the combination of modern infrastructure, strategic location, and strong financials mitigates key risks, positioning this as a lower-risk investment with steady long-term returns.

$5,800,000
Investment Value
5.70%
CAP Rate
šŸ“ˆ Strong 5.70% cap rate vs market average.
$330,380
Annual NOI
šŸ’° High NOI demonstrates strong operational efficiency.
13,454 SF
Rentable Area
šŸ¢ Optimal size for institutional investors.
$431.10
Price per SF
šŸŽÆ Attractive price per SF vs comparable properties.

Central City, CO Multifamily Property Overview

  • Multifamily Building located in Central City, CO
  • Built in 2025 (Modern Construction)
  • 13,454 SF of rentable area

Property Details

Year Built 2025 Building Type Multifamily
Total Size 13,454 SF Zoning N/A
Parking Spaces N/A Property Tax Rate 1.18% (average property)
Cap Rate 5.70% Annual NOI $330,380
Price $5,800,000 Price/SF $431.10
Location Central City, CO County N/A
REI Capital advisor
Align Your Capital Strategy

Compare direct ownership against passive CRE platform exposure.

The calculator below frames the capital, risk, and operating burden of acquiring a property directly. REI Capital provides a professionally managed alternative with institutional underwriting and a 9% target annual growth projection.

REI Capital advisor

Model your investment returns and cash flow projections

25%
5.0%
30 years
1.18%
5 years
4.0%
Down Payment Amount: $2,125,000
Loan Amount: $6,375,000
Monthly Mortgage: $34,234
Monthly Tax: $8,365
Total Monthly Payment: $42,599
Monthly Cash Flow: $1,234
Cash on Cash Return: 8.7%
Cap Rate: 6.2%
Debt Coverage Ratio: 1.54x
IRR (5 years): 12.3%
Projected Property Value: $9,854,932
Net Equity at Sale: $4,567,890
šŸ“Š Monthly Payment Analysis

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šŸ’µ Cash on Cash Return

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šŸš€ Internal Rate of Return

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šŸ›ļø Property Tax Analysis

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* Calculations are estimates only. Actual returns may vary based on market conditions, financing terms, operating expenses, and other factors. Consult with financial and legal professionals before making investment decisions.

Capital Allocation Comparison

Direct ownership vs. passive CRE platform exposure

Compare the same starting capital across two allocation paths: direct property ownership with operational responsibility, debt exposure, and single-asset concentration, versus a professionally managed REI Capital platform strategy built around institutional underwriting and a 9% target annual growth projection.

Direct Property Ownership
  • Concentrated exposure to one property and market
  • Debt service, refinancing, and rate sensitivity
  • Active leasing, vendor, and asset oversight
  • Vacancy, capex, and maintenance obligations
  • Illiquid exit process with timing risk
  • Transaction costs can compress realized returns
Projected direct ownership outcome Calculating… —
VS
REI Capital Platform Exposure
  • Passive exposure without direct operator liability
  • Institutional underwriting and acquisition discipline
  • Professional asset management and reporting
  • Strategy designed to reduce single-asset concentration
  • 9% annual target growth projection for comparison
  • Curated deal flow with a passive capital framework
Projected platform exposure at 9% target Calculating… —
Projected difference —

Calculating the comparison…

* REI Capital Growth uses a 9% target annual growth projection for comparison only. Returns are not guaranteed and actual results may vary. Consult a financial professional before making investment decisions.

Who This Is Designed For

Built for investors evaluating passive commercial real estate exposure

REI Capital is positioned for investors who want institutional-quality underwriting, disciplined capital deployment, and real estate exposure without managing the asset directly.

Accredited Investors

Deploy capital into a professionally managed real estate strategy without taking on daily operator responsibilities.

Family Offices

Evaluate long-duration CRE exposure with an emphasis on underwriting discipline and capital preservation.

1031 Exchange Buyers

Compare direct replacement ownership against passive alternatives with reduced operational complexity.

High-Income Professionals

Access commercial real estate exposure while preserving time, focus, and liquidity for core priorities.

Where Your NOI Goes Each Month

* Distribution based on current inputs. Actual expenses may vary.

ROI Over Time: Direct Ownership vs REI Capital

* Property return uses a conservative 3.8%–4.2% annual capital appreciation assumption. REI Capital uses a 9% target projection. Returns are not guaranteed.

Deployment Scenario Analysis

Your Down Payment: Direct Ownership vs REI Capital Platform Exposure

Same starting capital. Compare a direct ownership path against passive capital deployment through REI Capital.

Direct ownership (3.8%–4.2% appreciation) REI Capital (9% target)

* "Direct ownership" shows the same down payment growing at the selected 3.8%–4.2% annual capital appreciation rate. "REI Capital" shows the same down payment growing at 9% annual target. Returns are not guaranteed.

Allocation Rationale

Why sophisticated investors choose passive CRE exposure

Direct ownership can be powerful, but it also concentrates capital, time, and execution risk into one asset. Passive CRE exposure helps investors participate in professionally managed real estate strategies while reducing the operational burden of owning the property themselves.

  • Professional underwriting before capital deployment
  • Reduced exposure to single-asset operational demands
  • Access to institutional sourcing and asset management
  • Passive framework built for long-term capital strategy
  • Clearer comparison against direct ownership costs
  • Time-efficient exposure for qualified investors
Investor Materials

A more efficient way to deploy capital

The analysis above is only the starting point. Review the REI Capital investment materials to understand the acquisition strategy, underwriting framework, risk controls, and investor onboarding process behind the 9% target projection.

  • Acquisition strategy & deal flow
  • Underwriting and risk framework
  • Platform team and execution process
  • Investor qualification and next steps
Access Investment Materials

For qualified investors Ā· Private overview Ā· PDF access

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Investment Due Diligence For 101 Gregory St, Central City, CO 80427, Central City, CO Income Property

Key questions for informed investment decisions

Investment Thesis: What is the core investment thesis for this property? +
The core investment thesis centers on acquiring a modern, cash-flowing multifamily asset in a growing market with significant upside potential. This 18-unit mid-rise apartment building, constructed in 2025, offers immediate stable income with a 5.70% cap rate and a Net Operating Income (NOI) of $330,380. Its prime location in Central City, Colorado, positions it to benefit from regional economic expansion and increasing rental demand. The property's Class C classification provides affordability while its new construction minimizes near-term capital expenditures. The investment combines strong current financial performance with long-term appreciation drivers through value-add initiatives and market growth, making it an ideal addition for investors seeking balanced risk and return in the multifamily sector.
Financials: What are the key financial metrics and how do they support the investment? +
The property presents compelling financial metrics that underscore its investment viability. The sale price is $5,800,000, translating to a price per unit of $322,222 and a calculated price per square foot of $431.10. The cap rate is a solid 5.70%, supported by an NOI of $330,380, which indicates healthy cash flow. Annual property taxes are approximately $25,000, which is relatively low and enhances net returns. These metrics demonstrate competitive pricing for a modern asset, with the cap rate offering an attractive yield compared to similar Class C properties. The strong NOI provides a stable income foundation, while the low tax burden improves profitability, making it a financially sound investment with potential for both income and capital appreciation.
Location: Why is the location considered a strength, and what are the market dynamics? +
The location at 101 Gregory St in Central City, CO, is a key strength due to its position in a dynamic and growing market. Central City offers a vibrant local economy with expansion potential, driving demand for rental housing. The area's growth trends suggest opportunities for increased occupancy and rental rate appreciation over time. The property benefits from accessibility and convenience, appealing to residents seeking a connected lifestyle. This strategic location reduces vacancy risks and supports long-term value creation, as multifamily assets in evolving markets like Colorado's tend to show resilience and appreciation. The address enhances tenant appeal, contributing to stable occupancy and competitive rental pricing.
Risks: What are the potential risks associated with this investment, and how are they mitigated? +
Potential risks include market volatility, operational cost increases, and unspecified zoning regulations. However, these are mitigated by several factors. The property's stable cash flow from a consistent NOI and low tax burden reduces financial volatility. Central City's dynamic market provides resilience, as multifamily demand often remains steady during economic downturns. The modern 2025 construction minimizes immediate capital expenditure risks for repairs. Additionally, the property's amenities and location help maintain tenant retention, lowering vacancy risk. Investors should conduct due diligence on zoning and monitor operating costs, but the overall risk profile is balanced by the asset's strong fundamentals, modern infrastructure, and growth-oriented setting.
Value-Add Opportunities: What specific value-add opportunities exist to enhance returns? +
Value-add opportunities include rent optimization, amenity upgrades, and operational efficiencies. Given strong market demand, implementing a strategic rent increase program could boost revenue and NOI. Adding premium amenities such as smart home features or enhanced common areas could justify higher rents and improve tenant satisfaction. Energy-efficient upgrades (e.g., LED lighting, water-saving fixtures) may reduce operating costs and increase net income. The stable current cash flow provides capital to fund these initiatives without significant financial strain. By executing these value-add strategies, investors can potentially elevate the cap rate, increase property value, and achieve higher overall returns, leveraging the asset's modern base and growth potential.

Things Near 101 Gregory St, Central City, CO 80427, Central City, CO

Central City Opera House

0.3 miles

Century Casino Central City

0.2 miles

Gilpin County Historical Society Museum

0.4 miles

Central City Park

0.5 miles

Dostal Alley Brewpub & Casino

0.3 miles

About Central City

Located in Colorado, Central City is a dynamic area with strong commercial real estate fundamentals and excellent connectivity.

Population N/A
Median Age N/A
Avg. Household Income N/A
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