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$600,000
Est. payment /mo
8 Baths
3,750 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment Bldg.
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $160
MLS Listing ID 812223
Style Other
Half Baths 1
Three Quarter Bath 7
Year Built 1983
Annual Tax Amount $4,946
Tax Year 2023
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Apartment Bldg.
Property Description
Nestled in the picturesque town of Lake City, Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, and 3 1-bedroom apartments, it presents a unique investment opportunity. Situated on a spacious .50-acre lot, there's ample room for expansion or additional development. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning district, just 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 just 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.
Location
State CO
County Hinsdale
Zoning Other
Rooms
Basement Slab
Interior
Flooring Carpet, Laminate, Linoleum, Tile
Inclusions Range/Oven, Refrigerator
Furnishings Unfurnished
Exterior
View Mountains
Roof Type Metal
Building
Story Two Story
Foundation Slab
Sewer City Sewer, City Water
Water City Sewer, City Water
New Construction No
Schools
Elementary Schools Lake City K-12
Middle Schools Lake City K-12
High Schools Lake City K-12
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Listed by Murphy Real Estate
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