Back to Dashboard

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

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

Opportunity

Rent Growth Potential: As a new build in Central City, there is opportunity to align rents with market rates or slightly above, given the modern amenities and lack of comparable new inventory.

Market Insight

Opportunity

Value-Add through Operational Efficiency: Implementing smart home technology or green initiatives (e.g., energy-efficient appliances) could further reduce operating expenses and attract environmentally conscious tenants.

Market Insight

Opportunity

Market Expansion: Central City’s dynamic growth suggests increasing demand for quality multifamily housing, positioning this property for long-term appreciation.

Market Insight

Risk

Class C Designation: Class C properties may face higher tenant turnover or sensitivity to economic downturns compared to Class A/B assets, requiring proactive management.

Market Insight

Risk

Missing Parking Ratio: Lack of parking data could indicate limited parking availability, potentially affecting tenant appeal in a car-dependent region.

Market Insight

Risk

Market Concentration: Reliance on Central City’s local economy—without diversification—exposes the investment to regional economic fluctuations.

Market Insight

Strength

New Construction Advantage: Built in 2025, this asset eliminates near-term capital expenditure risks (e.g., roof, HVAC, structural repairs), providing a modern, move-in-ready product that appeals to tenants and reduces maintenance costs.

Market Insight

Strength

Strong Financial Performance: With a cap rate of 5.70% and an NOI of $330,380, the property offers stable cash flow. The calculated price per square foot of $431.10 is competitive for a Class C mid-rise in a growing market.

Market Insight

Strength

Premium Amenities Package: Features like 24-hour controlled access, community-wide Wi-Fi, elevator service, and bicycle storage enhance tenant satisfaction, supporting higher retention rates and potential rent premiums.

Market Insight

Strength

Efficient Unit Design: Each unit includes full kitchens, air conditioning, heating, and safety features (smoke detectors), meeting contemporary rental demands.

$5,800,000
Investment Value
5.70%
CAP Rate
📈 Strong 5.70% cap rate vs market average.
$330,380
Annual NOI
💰 High NOI demonstrates strong operational efficiency.
13,454 SF
Rentable Area
🏢 Optimal size for institutional investors.
$431.10
Price per SF
🎯 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
📊 Monthly Payment Analysis

Calculating...

💵 Cash on Cash Return

Calculating...

🚀 Internal Rate of Return

Calculating...

🏛️ Property Tax Analysis

Calculating...

* 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 · Private overview · PDF access

Advertisement

Investment Due Diligence For 101 Gregory St, 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 newly constructed (2025), Class C multifamily asset that offers stable cash flow with long-term appreciation potential in a growing Central City market. This 18-unit mid-rise apartment building combines the advantages of modern construction—minimizing near-term capital expenditures—with strong financial metrics, including a 5.70% cap rate and an NOI of $330,380. The property features a premium amenities package (e.g., 24-hour controlled access, community-wide Wi-Fi, elevator, bicycle storage) designed to enhance tenant satisfaction and retention. As a "New Construction Asset" in a "Prime Location," it targets investors seeking immediate income generation from a turnkey property with upside through operational efficiencies and rent growth in a dynamic Colorado market.
Financials: What are the key financial metrics and how do they support the investment? +
Key financial metrics include a sale price of $5,800,000, translating to a price per unit of approximately $322,222 and a calculated price per square foot of $431.10. The cap rate of 5.70% and Net Operating Income (NOI) of $330,380 underscore the property's income-generating strength, providing a solid foundation for cash flow. These metrics indicate a competitive valuation for a Class C asset in this region, with the cap rate aligning with market averages for similar properties. The financials support the investment by offering a balanced risk-return profile: the NOI ensures consistent operational income, while the new construction status reduces maintenance costs, potentially boosting net returns over time. Investors can model cash flow with conservative rent increases to project attractive yields.
Location: Why is Central City, CO a strategic location for this multifamily investment? +
Central City, Colorado, is experiencing growth driven by its appeal as a residential hub with access to urban amenities and natural attractions, creating proven demand for quality rental housing. The property at 101 Gregory St benefits from this dynamic local market, positioning it to attract key demographic segments like young professionals and small families. The "Prime Location" tag highlights its strategic advantage in a region with sustained rental demand and development potential. While specific zoning and transportation details are not provided, the area's overall trajectory supports long-term appreciation and occupancy stability, making it a compelling market for multifamily investments focused on both immediate cash flow and future value growth.
Risks: What are the primary risks associated with this property, and how can they be mitigated? +
Primary risks include the Class C designation, which may lead to higher tenant turnover or sensitivity to economic downturns compared to higher-class assets; missing parking ratio data, which could indicate limited parking availability affecting tenant appeal in a car-dependent region; and market concentration reliance on Central City's local economy, exposing the investment to regional fluctuations. Mitigation strategies involve proactive property management to enhance tenant retention through the existing amenities package (e.g., controlled access, Wi-Fi), conducting due diligence to verify parking availability and adjust marketing if needed, and diversifying the tenant base with flexible lease terms to maintain occupancy. Additionally, monitoring local economic indicators and implementing cost-control measures can help insulate against market volatility.
Value-Add Opportunities: What value-add opportunities exist to enhance this property's returns? +
Value-add opportunities include rent growth potential by aligning rents with market rates or slightly above, given the modern amenities and lack of comparable new inventory in Central City; operational efficiency improvements through smart home technology or green initiatives (e.g., energy-efficient appliances) to reduce operating expenses and attract environmentally conscious tenants; and strategic asset management enhancements, such as implementing technology-driven systems for online rent payment and maintenance requests, to boost NOI over time. The "Modern Amenities Package" provides a foundation for tenant satisfaction, but further upgrades could justify rent premiums. Investors can also explore minor cosmetic updates or community programs to increase retention and overall property value, leveraging the new construction advantage for minimal immediate capital outlay.

Things Near 101 Gregory St, Central City, CO

Central City Opera House

0.3 miles

Teller House

0.2 miles

Central City Parkway

1.5 miles

Black Hawk Casino District

2.0 miles

Arapaho National Forest

5.0 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
Advertisement

Community Discussion

Share your thoughts and insights about this property

0 commentsLast activity: Never

Be the first to comment!

Start the conversation about this property.