$1,645,000
Glenwood Springs, CO 81601
MLS# 179474
7 beds | 6 baths | 4601 sqft
1 / 20
Property Description
Investors and employers, take note of this exceptional income property or employee housing option in bustling Glenwood Springs. This well-maintained multi-family apartment building is situated on two acres and features six separate rental units with a proven track record of high occupancy rates and reliable rental income. Covered parking is available for all tenants, and each unit boasts views of the surrounding landscape. In 2019, a new boiler was installed, ensuring efficient heating for all units. Plus, a brand-new roof was added in 2015, providing peace of mind for years to come. Laundry facilities are available for units 1-5, while unit 6 has its own convenient stackable washer/dryer.
Details
Maps
Documents
Location Info
Current Price: $1,645,000
Type: Residential Income
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Original List Price: 1895000
Asking Price: 1645000
Street #: 773
Street Name: County Rd 117
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Furnished: No
Keywords Info
Bedrooms: 7
Total Baths: 6
Baths - Full: 6
Lot Size: Refer to Acreage
Acreage: 1 - 3
Garage: None
Pre-Fabricated Home: No
Listing Info
Listing Date: 2023-05-18
Seller is licensed Realtor: No
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Aspen Association
County: Garfield
ADU: No
General Info
Sub/Loc: Midland
Legal: Section: 21 Township: 6 Range: 89 A TR IN THE NESE LYING SWRLY OF CO
Zoning: Residential Urban
Nbr of Acres: 2.01
Lot SqFt: 87555
Lv Ht SqFt: 4601
LvHtSqFt (Abv Grnd): 4601
Total SqFt: 4601
Price/LvH SqFt: 357.53
Levels: 2
Main Floor Master: No
Short Termable: Yes
Year Built: 1973
Year Remodeled: 2019
Unit Faces: East
Parcel #: 218521400008
Directions: From Glenwood Springs go over the 27th St Bridge and make a left on Midland Ave. The driveway is on the right about .5 mile down.
Home Performance Programs
Energy Star Rated: No
Financing Info
Metro Tax District: No
Taxes: 4950
Tax Year: 2022
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Special Assessments: no
Status Change Info
Status: Active
Remarks
Public Remarks: Investors and employers, take note of this exceptional income property or employee housing option in bustling Glenwood Springs. This well-maintained multi-family apartment building is situated on two acres and features six separate rental units with a proven track record of high occupancy rates and reliable rental income.
Covered parking is available for all tenants, and each unit boasts views of the surrounding landscape. In 2019, a new boiler was installed, ensuring efficient heating for all units. Plus, a brand-new roof was added in 2015, providing peace of mind for years to come.
Laundry facilities are available for units 1-5, while unit 6 has its own convenient stackable washer/dryer.
Fireplace
# Fireplaces: 1
Property Features
Laundry Facility: Common Area
Style: Two Story
Construction: Brick
Exterior: Brick Veneer
Substructure: Slab
Roof: Composition Shingles; Membrane
Condition: Average
Heating: Baseboard
Gas: Natural Gas
Cooling: None
Carport: 2 Car
Parking Area: Common
Possession: DOD; Subject to Lease
Extras: Cable TV
Terms Offered: Cash; New Loan; Seller Finance
Disclosures: Seller Lic RE Agent
Mineral Rights: Yes
Water Rights: No
Documents on File: Financials; Survey/ILC
HOA Fees Includes: Cable TV; Grounds Maintenance; Internet
P/L 
Listing Office: Aspen Snowmass Sotheby's International Realty - Hyman Mall
Last Updated: January - 29 - 2024
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