Rare opportunity to own an 8 unit multi-family apartment building in the heart of Estes Park! Awesome Income property, Outstanding rental history with very little turnover, this property offers an ideal opportunity for rental income and investment. 8 studio apartments with 325 sq ft. Off street parking and storage lockers for tenants and shared side-yard. Great location with easy access to Rocky Mountain National Park, walkable to downtown, restaurants and breweries, and Rec Center. Great views of Lumpy Ridge. Come check out this solid investment opportunity with great cash flow!
Presented By: First Colorado Realty; 9704813619
Interior Features for 501 Aspen Ave
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths8
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementNone
Fireplace Y/NNo
Heating Y/NYes
General for 501 Aspen Ave
AppliancesElectric Range/Oven, Refrigerator
Attached Garage No
Cap Rate6.92
CityEstes Park
Community FeaturesExtra Storage
Construction MaterialsWood/Frame
CountyLarimer
ElectricElectric, Town of Estes Park
Elementary SchoolEstes Park
ExclusionsOwner's & tenants' personal possessions
Garage Y/NNo
Gas Y/NNatural Gas, Xcel
Gross Income88406
HOANo
HeatingHot Water, Baseboard
High SchoolEstes Park
High School DistrictEstes Park District
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet57064
Lot Size UnitsSquare Feet
MLS AreaEstes Park
Middle/Junior High SchoolEstes Park
Net Operating Income67449.42
New ConstructionNo
Number Of Units Total8
Operating Expense20956.58
Other StructuresStorage
Patio/Porch FeaturesPatio
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofMetal, Rubber
Senior Community Y/NNo
SewerDistrict Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameCountry Club Manor Add
Tax Annual Amount4317.58
Tax Year2024
Tenant PaysDeposit
UtilitiesNatural Gas Available, Electricity Available
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Beds • 8
Baths • 8
SQFT • 2,560