Florence, CO 81226,136 E Front ST
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Florence, CO 81226,136 E Front ST
Florence, CO 81226,136 E Front ST
Florence, CO 81226,136 E Front ST
Florence, CO 81226,136 E Front ST

$900,000

Est. payment /mo

$1,100,000

18.2%
Est.Price: ?

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136 E Front ST Florence, CO 81226

0.35 Acres Lot

SOLD DATE : 04/01/2022

Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type Aptmts(6+Units)

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 8239239

Sold Date 04/01/22

HOA Y/N No

Year Built 1938

Annual Tax Amount $2,828

Tax Year 2020

Lot Size 0.347 Acres

Property Description

IMMEDIATE INCOME PRODUCER. Take adavantage of this oppurtinity to have all your rental income in one spot! There are 3 buildings (for the total sq ft listed above) in this transaction with the potential for a total of 20 (or more) tenants. Currently the property has all but 2 efficiency units rented and one side of the duplex is not rented. The Sellers live in the lower level of the main house and the maintenance guy lives in the upper level with no rent being collected on either, so 3 vacant units currently. This is an old Motel that has been rehabed and is at almost 100% occupancy. 3 more units need worked (#2 is in process ,#4,#19 and upper level of house) on and Seller has a waiting list of tenants. Reap the rewards of these Sellers and their hard work finally getting this property in a lucrative and desirable position. Cap rate is about 11% at full occupancy. The main building can be a VRBO, or can be lived in by the owner. The opportunities are endless. There is a laundry facility for the tenants in a common area as well as in the main building.This transaction also includes 204 E Front St included in this list price.

Location

State CO

County Fremont

Area Colorado Coal And Iron Companys

Interior

Cooling Electric, See Prop Desc Remarks, Wall Unit(s)

Fireplaces Number 1

Fireplaces Type None

Laundry Common

Exterior

Fence None

Utilities Available Electricity, Natural Gas, Other

Roof Type Tar/Gravel

Building

Foundation Full Basement

Water Assoc/Distr

Structure Type See Prop Desc Remarks

Schools

School District Fremont/Florence Re-2

Others

Special Listing Condition Not Applicable, See Show/Agent Remarks, Sold As Is

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Pikes Peak MLS (PPAR)
Listed by 00002352-RE/MAX Associates

Jim Cavoto

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+1(720) 692-6563

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