905 S 2nd Avenue

Description

This is a rare opportunity to own a well-kept, fully leased property in a strong rental market. Whether you’re expanding your portfolio or seeking a stable income-producing asset, the Patio Apartments in Sterling are an investment you won’t want to miss! Now available, The Patio Apartments, a unique and highly desirable 5-unit multifamily property located at 905 S 2nd Ave, Sterling, CO. This well-maintained income property is a proven earner with a strong rental history, long-term tenants, and recent updates that make it truly turnkey. Property Highlights: • Fourplex + Single Unit (5 total) – Each unit is 1 bed / 1 bath with kitchen, living room, laundry, and private patio. • Renovation Upgrades Include: o New exterior paint and landscaping o New perimeter fencing o LED lighting inside two updated units & throughout exterior o In-unit washer/dryers in every apartment o Some units with new electric cook tops o Two units recently refreshed with new paint and lighting • 5 exterior storage units available for tenant rental • Ample public parking directly in front for tenants and guests Investment Advantage: • Fully leased through June 30, 2026 with reliable tenants • One tenant has called this property home for over 20 years • Units are easy to rent due to desirable layout and convenient location • Stable rental demand from nearby Sterling Correctional Facility and strong local employment base Sterling is the largest city in Northeastern Colorado, offering a balance of small-town charm and essential amenities. With a growing economy, anchored by healthcare, corrections, education, and local businesses, Sterling provides a steady pool of reliable tenants. Outdoor enthusiasts appreciate its proximity to North Sterling State Park for boating, fishing, and recreation. The city’s vibrant downtown, local shops, and community events add to the appeal for both residents and investors. Call Jon for additional information at 303-246-8740 mobile/text