Fairview Apartments offers an immediate, dependable cash flow opportunity for a local owner-operator or regional investor looking to build generational wealth with an asset that is as easy to run as it is rewarding to own. Situated in a warm, friendly town known for its welcoming atmosphere, safety, and strong sense of community, the property attracts long-term, conscientious tenants who take pride in where they live. Neighborhood amenities, local parks, and everyday conveniences are just minutes away, making it a place residents are proud to call home. All major capital projects and interior deferred maintenance are 100% complete-featuring brand-new exterior siding, fresh paint, clean landscaping, and updated water heaters and appliances throughout. Operations are simple and cost-efficient. Tenants pay their own electric, and every unit has been upgraded with two through-the-wall A/C units, giving residents full air conditioning-a rare competitive advantage in the local rental market. A dedicated on-site laundry room equipped with two commercial SpeedQueen washers and two dryers (all under two years old) generates an additional $3,600 in reliable annual cash flow. With five units completely renovated and three partially updated, the complex delivers steady, day-one income supported by a respectful, established tenant base. Eight classic yet clean units remain for you to update at your own pace to capture higher rents. Priced at just $68,750 per unit, the property operates at an honest 9.33% in-place cap rate ($102,600 NOI), putting roughly $36,700 in clear annual cash flow in your pocket after servicing a standard 75% bank loan.
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Akron is located in Colorado. Akron, Colorado has a population of 1,793. Akron is less family-centric than the surrounding county with 25% of the households containing married families with children. The county average for households married with children is 27.32%.
The median household income in Akron, Colorado is $41,708. The median household income for the surrounding county is $54,141 compared to the national median of $69,021. The median age of people living in Akron is 38.5 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 16.3 degrees. The average rainfall is approximately 16.8 inches per year, with 38.2 inches of snow per year.
