623 Cedar Street

Buena Vista, CO 81211

Incomes Property  $4,500,000  Under Contract

02-28-2018 02:19pm

Great investment opportunity. A 32 unit complex located a few blocks from the Arkansas river. This complex is comprised of 4 buildings, each unit is just over 800 square feet boasting 9 foot ceilings in the lower level and vaulted ceilings on second level. Currently operated as an apartment complex, but have been changed to condominiums, and could be sold as individual units. They are 2 bedrooms, 1 bath/ laundry room, and have private porches and balconies. Great investment for a Buy and hold or buy and sell off individual units. Financials are available upon request.

MLS#
5268455
MLS Originator
REcolorado (Denver)
Off Market Date
02-28-2018 12:00am
Original Price
$4,500,000

Property
Income
Property Subtype
Income
Under Contract
Status Conditions
None Known
Last Update
02-28-2018 02:19pm
Bedrooms
64
Bathrooms
32
SqFt
6540
Year Built
1996
Der PSF Total
688.07

SqFt Lot
3813.00
SqFt Finished
6540
SqFt Above
6540

Previous Year Tax
$13,673
Terms and Conditions
Cash, Conventional
Transaction Type
For Sale

Appliances
Dishwasher, Disposal, Microwave Oven, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
Flooring
Carpet, Vinyl/Linoleum
Cooling
None
Heating
Baseboard
Heating Fuel
Electric, Gas

Laundry Availability
W/D Hookups in Unit

Features
Balcony, Patio
Base Floor Plan
Slab
Base Size
None
Parking Spaces
1
Parking Features
Driveway-Gravel
Vehicle Spaces
1
Type
# of Space
L x W
Description
Off-Street
1
-
Lot View
Mountain View

Building Type
Low Rise (all units)
Structure
Multi-Story
Roof
Metal
Construction
Stucco
Architectural Style
Spanish/SW
Exterior Features
Balcony, Patio
Features
Fire Alarm,Professionally Managed
Construction Method
Frame
Builder Source
County Records

School District
Buena Vista R-31
Elementary School
Avery Parsons
Middle School
McGinnis
High School
Buena Vista

Annual Actual Expenses
186075
Annual Projected Expenses
186075
Annual Actual Income
348318
Annual Projected Income
346888
Annual Actual Net Income
162243
Annual Projected Net Income
160813
Unit Furnished
0

PPA
50000000.00
Lot Width
0.00
Road Surface
Paved Road

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