Cañon City Portfolio — Sale in Cañon City, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Cañon City, CO 81212

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Cañon City Portfolio — Sale in Cañon City, CO, photo 1 of 2
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Description

The Cañon City Affordable Housing Portfolio comprises two well-located, fully income-restricted multifamily communities totaling 106 units in Cañon City, Colorado: Heatherwood Apartments, a 54-unit two-bedroom community at 260 Justice Center Road, and Skyline Bluffs Townhomes, a 52-unit all three-bedroom townhome community at 675 Family Center Drive. Both properties are situated within a few minutes of one another and of historic downtown Cañon City, placing residents close to the city’s retail, dining, and outdoor recreation amenities, including the Arkansas Riverwalk Trail, Royal Gorge Park, and the Washington Street Trailhead. Each property operates under a Land Use Restriction Agreement (LURA) with the Colorado Housing and Finance Authority, regulated under Section 42 of the Internal Revenue Code, providing investors with stabilized, income-restricted assets supported by long-term rent restrictions that preserve affordability and generate durable demand. Together, the two properties offer complementary unit types and staggered affordability horizons — Heatherwood’s all two-bedroom layout paired with Skyline Bluffs’ spacious, family-oriented three-bedroom townhomes — giving the portfolio broad appeal across household sizes within Fremont County’s affordable housing market. Investment Highlights: • Durable 90's Vintage Construction • Oversized, Single-Use Floorplan • Affordability Preservation & Inherent Demand

Market Context

This multifamily in Cañon City, CO is listed for sale. Compare it against other multifamily listings for sale in Cañon City, CO — view the full market.

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