Red Cliff Apartments consists of a six-unit apartment community located 12-miles south of Vail, CO. The Red Cliff Apartments is comprised of a complementary mix of one, two, and three-bedroom floorplans averaging 1,031 square feet. These properties serve as an ideal option for individuals and families who work in the towns of Vail or Beaver Creek as housing costs in Vail and Beaver Creek far exceed national averages, which allows Red Cliff Apartments to be a more affordable option for renters. The multifamily property’s location within the town of Red Cliff is in high demand as the town’s most popular restaurant is next door and the only hotel in town is across the street. The Red Cliff Apartments is situated within a supply constrained market which results in low vacancy and rent premiums amongst most rental properties. The town of Red Cliff has seen recent growth within the last couple of years with 9 newly constructed townhomes built in the heart of the town.This property has seen multiple upgrades in recent years including new roofs, new siding, new windows and more. With low vacancy and high demand, the Red Cliff Apartments would be a great addition to any investors portfolio.
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