$6,495,000
Aspen, CO 81611
MLS# 161564
Status: Closed
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Property Description
Free market 8-unit apartment complex with no deed restrictions and condo association documents in place! All units are held by one owner, and ample parking is included with two spaces per unit. Located in East Aspen, the property is within walking distance to downtown and is also on the bus route. The Northstar Nature Preserve, river access and jogging/biking trails are nearby. Units could be resold individually, or the complex kept for rental with substantial NOI. Additional development options or employee housing development are strong considerations.
Details
Maps
Location Info
Current Price: $6,000,000
Type: Multi-Family Lot
Sub-Type: N/A
Major Area: Aspen
Area: 01-East Aspen
Original List Price: 6995000
Asking Price: 6495000
Street #: 1235
Street Direction Pfx: E
Street Name: Cooper
Street Suffix: Avenue
Address 2/Unit #: Units 1-8
City/Town: Aspen
State/Province: CO
Postal Code: 81611
Keywords Info
Lot Size: 22,001 - 32000
Acreage: Refer to Lot Size
Listing Info
Listing Date: 2019-09-23
Short Sale: No
REO: No
Foreclosure: No
Auction: No
Member Association: Aspen Association
General Info
List Price Per/Acre: 12490384
Sold Price Per/Acre: 11538461
Sub/Loc: Aspen Edge
Legal: Aspen Edge, Units 1-8
Lot SqFt: 22656
Nbr of Acres: 0.52
County: Pitkin
Zoning: R6
FAR: No
Sold Price Per/SF: 264.83
Orig List Price Per/SF: 308.75
Parcel #: 273718141800
Directions: East on Cooper Ave (Highway 82) towards Independence Pass. Property on the right after the Roaring Fork River bridge.
Asking Price Per/SF: 286.68
Financing Info
Metro Tax District: Yes
Tax Year: 2019
Transfer Tax: Yes
HOA Dues Y/N: No
Association Fee Frequency: Annually
Status Change Info
Status: Closed
Under Contract Date: 2020-09-12
Proposed Close Date: 2020-11-12
Sold Date: 2020-11-19
Sold Price: $6,000,000
How Sold: Cash
Remarks
Public Remarks: Free market 8-unit apartment complex with no deed restrictions and condo association documents in place! All units are held by one owner, and ample parking is included with two spaces per unit. Located in East Aspen, the property is within walking distance to downtown and is also on the bus route. The Northstar Nature Preserve, river access and jogging/biking trails are nearby. Units could be resold individually, or the complex kept for rental with substantial NOI. Additional development options or employee housing development are strong considerations.
Property Features
Possible Use: Multi-Family
Gas: Natural Gas
Sanitation: Sewer
Mineral Rights: No
Documents on File: Leases; Survey
Disclosures: Easements
Terms Offered: Cash
Possession: DOD
Showing Instructions: Call Listing Office
Listing Office: Aspen Snowmass Sotheby's International Realty - Hyman Mall
Last Updated: March - 23 - 2021
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
Broker Attribution:
(970) 925-6060