$699,000 Price Analysis   ♡   Lake City, CO 81235 Unknown bed 8 bath 3,750 SqFt ($186/SqFt) 0.5 acre lot. Built 1983 Listed 2024-04-04 | ✓ USDA Eligible near Lake City, CO Restrictions may apply due to home size |
Nestled in the picturesque town of Lake City
Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, 2 1-bedroom apartments and 1 versatile commercial space, it presents a unique investment opportunity. Situated on a big .50-acre lot, there's ample room for expansion or additional develop ment. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning dstrict, across from the scenic Lake Fork of the Gunnison River.
Essential amenities including a grocery store, bakery and gas station are within close proximity, while the historic downtown area of Lake City is a short distance away. Presently, all apartments are leased on a flexible month-to-month basis, contributing to the property's stellar rental history characterized by long-term tenants. Priced competitively and primed for acquisition, seize the opportunity to explore this promising investment. Contact us today to schedule a viewing. 8 Units: 7 residential units and 1 commerical unit
Presented by Michael Murphy at
Murphy Real Estate.
Property MLS #812223 from CREN
Refrigerator
3/4 Bathrooms: 7
Flooring: Carpet, Tile, Linoleum, Laminate
Road Frontage Type: Drive
Roads: State Highway, City/Town, 50'-75' Frontage
Lot Size Square Feet: 21780
Calculated Total Monthly Association Fees: 0
High School: Lake City K-12
Middle School: Lake City K-12
Map directionsSource Listing Status: Active
County: Hinsdale
Directions: Call Listing office, must have an appointment
Tax Year: 2023
Source Property Type: MULTIFAMILY
Area: Lake City
Source Neighborhood: Lake City
Number of Separate Electric Meters: 8
Owner Pays: Building Insurance, Real Estate Taxes, Interior Maintenance, Ext Maintenance (Bldg), Site Maintenance (Prop), Water/Sewer
Property Subtype: Apartment Bldg.
Source System Name: C2C
$699,000
CREN
Listing removed 2024-04-03
$0
CREN
Listed 2024-03-06
$699,000
CREN
Year Built: 1983
Construction Materials: Metal
Foundation Details: Slab
Property Age: 41
Roof: Metal
Levels or Stories: 2
Water Well: No
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.