The Granby Dairy Suites apartment complex is by far the nicest and most well-appointed complex in Grand County.
Constructed in 2019, the Dairy Suites consists of 12 units; each fully furnished 1 bedroom unit includes a full-size W/D, quartz counters, stainless appliances Maytag appliances, subway tile backsplash, quality flooring, and tenant storage lockers. Technically it is 11 single bedroom units and 1 studio.
Units lease to local professionals for $1865/mo and pets are not allowed. Occupancy is at 100% although 1 unit is currently in the short-term rental pool at $200/night and making a great return.
Listing price equates to a 6.0% Cap rate at 100% occupancy.