$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 development. Conveniently located with easy access from State Highway 149, th e property resides in the General Business zoning district, 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. Contct 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.