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Listed by Lynette Ovnicek Homesmart Preferred Realty
$ 1,195,000
Est. payment /mo
Active
20180 Us Highway 50 Cotopaxi, CO 81223
8.15 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Aptmts(6+Units)
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7848830
Year Built 1923
Annual Tax Amount $2,716
Tax Year 2024
Lot Size 8.150 Acres
Acres 8.15
Property Sub-Type Aptmts(6+Units)
Source Royal Gorge Association of REALTORS®
Property Description
Rare multifamily investment opportunity in a charming small-town setting with land, parking, and strong rental demand. This 7-unit apartment complex is consistently occupied, offering reliable income and long-term investment stability. All units have been updated with durable tile flooring and fresh interior paint, creating a low-maintenance and modern living environment.
The property features a desirable unit mix including four 1-bedroom/1-bath units with kitchens, two 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit. Every unit includes private, in-unit laundry, a highly sought-after amenity that supports tenant retention.
Recent improvements include new gravel parking located behind the building, providing convenient off-street parking for tenants. In addition to the building, the property includes 8.15 acres of rocky, mountainous landscape, offering privacy, natural beauty, and potential future use. The Arkansas River is just a stone's throw across the highway, adding to the appeal of the location and surrounding scenery.
With strong occupancy history, updated interiors, ample parking, and a unique land component, this property presents a turnkey opportunity for investors seeking steady income in a scenic Colorado setting.
The property features a desirable unit mix including four 1-bedroom/1-bath units with kitchens, two 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit. Every unit includes private, in-unit laundry, a highly sought-after amenity that supports tenant retention.
Recent improvements include new gravel parking located behind the building, providing convenient off-street parking for tenants. In addition to the building, the property includes 8.15 acres of rocky, mountainous landscape, offering privacy, natural beauty, and potential future use. The Arkansas River is just a stone's throw across the highway, adding to the appeal of the location and surrounding scenery.
With strong occupancy history, updated interiors, ample parking, and a unique land component, this property presents a turnkey opportunity for investors seeking steady income in a scenic Colorado setting.
Location
State CO
County Fremont
Others
Tax ID 78002690
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
