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Castle Rock SFR Portfolio

10 Multifamily Properties Offered at $5,950,000 in Castle Rock, CO

Executive Summary

The Castle Rock SFR Portfolio offers a prime investment opportunity featuring 10 single-family home rental properties in Castle Rock, Colorado. This portfolio is available at a18.80% discount from individual for sale values. With an average 2015 year of construction, these homes require minimal maintenance, with all roofs inspected in the last year and three recently replaced. The properties are all located within 35 minutes of each other. Long-term tenants with low rents provide stable income, with solid rental upside potential.
The portfolio boasts historical low vacancy rates, both within the properties and the growing Castle Rock submarket. The portfolio discount was derived from the assessed (16.85%), comparable (21.90%), and Zillow (17.64%) values of the individual properties. All of the comparable sales are from 2024, and very closely mirror each property.
This portfolio is priced to offer over $1,000,000 in immediate value upon close of escrow. The new owner will also benefit from home warranties covering repairs and maintenance. The homes' HOA fees include access to amenities such as pools, sport courts, and parks.
All properties feature over four bedrooms and average 4,047 square feet, appealing to larger families. With an average annual home appreciation of 8.48% over the past decade in Castle Rock, this portfolio represents a strong cash flow opportunity and a solid long-term investment in a thriving market.

Property Facts

Price $5,950,000
Price / SF $134.77 / SF
Sale Conditions Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 10
Individually For Sale 0
Total Building Size 44,149 SF
Total Land Area 1.18 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
4406 Sidewinder Loop, Castle Rock, CO 80108 Multifamily 4,874 SF 2018 -
2580 Ambience Ln, Castle Rock, CO 80109 Multifamily 4,228 SF 2016 -
7312 Grady Cir, Castle Rock, CO 80108 Multifamily 3,699 SF 2013 -
1842 Holmby Ct, Castle Rock, CO 80104 Multifamily 4,325 SF 2015 -
2908 Open Sky Way, Castle Rock, CO 80109 Multifamily 3,132 SF 2009 -
3320 Prairie Vista Dr, Castle Rock, CO 80109 Multifamily 2,854 SF 2004 -
435 Sage Grouse Cir, Castle Rock, CO 80109 Multifamily 4,839 SF 2018 -
1339 Sidewinder Cir, Castle Rock, CO 80108 Multifamily 4,645 SF 2018 -
1267 Basalt Ridge Loop, Castle Rock, CO 80108 Multifamily 4,148 SF 2018 -
1255 Basalt Ridge Loop, Castle Rock, CO 80108 Multifamily 7,405 SF 2018 -
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  • Listing ID: 33274566

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: Castle Rock SFR Portfolio, Castle Rock, CO

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