Westen Slope Colorado -CAP rates/ ROI (Telluride Grand Junction)

[Scott Elkins]

Western Slope Colorado folks:

What are we seeing for above average returns on the Western Slope?

Grand Junction Delta Paonia Montrose Ridgway Telluride

I tend to find above 8%to be great, yet have a lower socio economic profile( very little risk yet not grade B parcels. ( yes its a little sleepy over here, with older inventory)

I see 6% deals all the time, but as RE investors we want the 1% rule or better CAP rates/ROI.

I am just doing some market research in the small towns from Durango north to GJ.

I have a 8.5% CAP( 5 plex )listed in the marketplace in Montrose CO and wanted to see how competitive we are, and I just bought a 10.5% cheap 85k townhome in Delta.

(in Telluride of course they are terrible and only banking on appreciation)

[Louis Orenstein]

@Scott Elkins @Teri S. could comment better on GJ and she pointed out to me that the BLM headquarters are slated to moving out to Grand Junction though I’m not sure the time-frame for when that move will happen / finish