John and Jim Renfrow, Brokers, Montrose Colorado
Courtesy: Renfrow Realty

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  • Price:

    • $824,888

  • Listing #:
    • 752392
  • Class:
    • Multi-Residential
  • Type:
    • Apartment Bldg.
  • Status:
    • Active
  • Units:
    • 12
  • Apx. Acres:
    • 0.84
  • Apx. Sqft.:
    • 6120
  • Lot Size:
    • .5 - .99
  • Year Built:
    • 2000
  • Elementary:
    • Olathe K-5
  • Middle School:
    • Olathe 6-8
  • High School:
    • Olathe 9-12
  • Address:
    • 1-12
  • City:
  • County:
    • Montrose
  • Area:
    • Olathe
  • State:
    • CO
  • Zip:
    • 81425

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Description

CALLING ALL INVESTORS: Income-Producing Apartment Complex For Sale! Three apartment buildings at the end of a cul-de-sac on .84 acre (MOL). Excellent rental history, only one unit vacant! Each building is 3,060 sq.ft. (MOL) with four units each, totaling 12 units in all. Each unit is two bedrooms and one bath. Price includes 12 stove/ranges and 12 refrigerators. All leases are Adjusted Gross; Landlord pays taxes, property insurance, water, sewer and trash, Lessees pay their own electric. Units are all electric with electric baseboard heat and electric stoves. Sprinkler system irrigated lot with 3.8 UVWUA shares. Exceptional investment opportunity with incredible tax break through its Opportunity Zone designation!
  • Building Details
    • Multi Story:
      • - Yes
    • Style:
      • - Mid / High Rise Apts
    • Roof:
      • - Composition
    • Siding:
      • - Vinyl
    • Flooring:
      • - Carpet
      • - Linoleum
    • Appliance Inclusions:
      • - Range / Oven
      • - Refrigerator
  • Square Footage
    • Price Per SQFT:
      • - $134.79
    • List Price/Sqft:
      • - $134.79
  • Property Details
    • Property Description:
      • - Cul-de-sac
    • Zoning:
      • - Residential Multi Family
    • Garage Y/n:
      • - No
    • Parking:
      • - Off Street
      • - Paved
      • - 20+ Total Spaces
      • - Common
    • Horse Setup:
      • - No
    • Water Front:
      • - No
  • Eco-Friendly Details
    • Green Certification Y/n:
      • - No
  • Income and Expenses
    • Landlord Pays:
      • - Building Insurance
      • - Real Estate Taxes
      • - Ext Maintenance (bldg)
      • - Common Area Maintenance
      • - Water / Sewer
      • - Trash
      • - Snow Removal
    • Tenant Pays:
      • - Electric
    • Total Taxes $:
      • - $3,653.00
    • Tax Year:
      • - 2,018.00
  • HOA Details
    • Hoa Y/n:
      • - No
  • Utilities
    • Total # Electric Meters:
      • - 12
    • Water Well:
      • - No
    • Total # Water Meters:
      • - 3.00
    • Domestic Water/sewer:
      • - City Water
    • Heating:
      • - Electric Baseboard
    • Water Rights/irrig.:
      • - Yes
  • Miscellaneous
    • Special Assemnt Y/n:
      • - No
    • Available For Auction:
      • - No
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For more information on this listing, please contact...