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White River Townhomes in Rifle, Colorado - Availability Details

800 S Whiteriver Avenue. Buildings 7 & 8, Rifle, CO 81650

  • For Sale $3,440,000
  • Property Type Other
  • Property Size 17,371 Sqft
  • Lot Size 0.79 Sqft
  • Year Built 2007
  • Date Updated Sep 27, 2021

1. Large Rent Discount Compared to Similar Adjacent Properties
2BD – approximately $1,303 below top comparable property
3BD – approximately $1,625 below top comparable property

2. Unique Unit Mix
True townhouse configuration, rare in region. White River Townhomes offer a mix of 2 and 3-bedroom units as well as a highly desirable 4-bedroom floor plan. The average square footage per unit is 1,158 square feet. Gas stoves with full central CAC/Heat (no baseboard heating). Full, side-by-side washer and dryer hookups in every unit. This unique unit mix appeals to a diverse group of prospective tenants while also allowing an owner to charge top of market rents. Panoramic mountain views and view decks. Nearby comparable town homes have an average list price of $262,725 or $184/SF.

3. Limited Competition and High Barriers to Entry
No property in the surrounding submarket shares the same quality of location and unit mix as the White River Townhomes. The future owner will acquire what is arguably the nicest community in Rifle, with limited adjacent competition. No available affordable multifamily sites in the area, within walking distance to Walmart/I-70 roundabout, Aspen Bus Stop/Starbucks, etc., render the subject impossible to replicate.

4. Proximity to Economic Hubs and Growing Demand
Rifle is in close proximity to many of the most popular and vibrant towns in the Rocky Mountain region. Due to increasing housing prices in Glenwood Springs, Aspen and Grand Junction, many workers and residents are moving to Rifle and commuting to job sites in surrounding areas. Rifle provides an affordable option to larger surrounding cities and resort towns.

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Fully Tenanted

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Location

  • City Rifle, CO
  • Zip Code 81650

Contacts

broker

Keegan Hofer

broker

Bill Morkes

broker

Craig Stack

Frequently Asked Questions

What year was White River Townhomes in Rifle, Colorado built and finished?

White River Townhomes in Rifle, Colorado was completed in 2007.

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