$900,000
$1,100,000
18.2%For more information regarding the value of a property, please contact us for a free consultation.
136 E Front ST Florence, CO 81226
0.35 Acres Lot
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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