Description
Over 9% Cap Rate! This 11 unit apartment complex offers excellent cash flow. Strong leases in place. Property includes outside courtyard area and a large parking lot. Conveniently located one block off Harrison in downtown Leadville. Walking distance to restaurants, the ice skating rink, skate park, dog park, and schools. Just 30 minutes from Copper Mountain, 45 minutes to Vail. Three units remodeled in 2018. (00, 4, & 5) New roof installed in 2008. New decking and railings added in 2018. Many new vinyl windows already installed and two more being installed this month! Unit 10 being remodeled in March! Rent roll attached to the listing. P & L provided with proof of funds and prequalification letter.
Details
- MLS# 8157042
- Style Industrial
- Sub-Type Resale
- Status Active
- Year 1888
- Days On Site 12
Features
| SQ Feet | 5,160 |
|---|---|
| Story(s) | 1 |
| Units | 11 |
| Zoning | TRANSITIONAL COMMERCIAL |
Listing Provided By:Andrew Purdy of Independence Realty Property Management
Area Information
| this listing $495,000 |
136.28%
|
| $209,500 in 80461 |
| this listing 5,160 SqFt |
869.92%
|
| 532 SqFt in 80461 |
| this listing $96 $/SqFt |
7.21%
|
| $103 $/SqFt in 80461 |
| this listing 12 on site |
94.93%
|
| 236.5 on site in 80461 |
Location |
|
|---|---|
| State | CO |
| County | Lake |
| City | Leadville |
| Zip Code | 80461 |
| Area | Lake |
