6735 Garfield Avenue

Elbert, CO 80106

Incomes Property  $625,000  Active

06-29-2017 12:20pm

South Forty Saloon is an established asset to Elbert County and surrounding area. Operated for the past 30 years by the same family, the historic “Old West” style saloon is a piece of Colorado’s past! Patrons will enjoy the family style restaurant located right next to the saloon for lunch or dinner. On colder days, warm up by the pellet stove in the saloon while enjoying a drink and game of pool, all in an old west style atmosphere! Spring and summer afford an outdoor garden with comfortable seating under the shade trees and a game of horseshoes! Fantastic opportunity awaits the new owner to own a piece of the Old West, at this unique destination between Colorado Springs and Denver! Included in the offering is a 1280 Sq. Ft. modular home that the owner could occupy or rent! The modular home could be removed and a new home could be built on the lot! Above the bar is an unfinished space that could be finished to create a one bedroom apartment to create even more income potential!

MLS#
8863982
MLS Originator
REcolorado (Denver)
Original Price
$625,000
Nearby Attraction
Corner Lot

Property
Income
Property Subtype
Income
Status
Active
Last Update
06-29-2017 12:20pm
Bedrooms
3
Bathrooms
3
SqFt
2270
Year Built
1900
Der PSF Total
275.33

SqFt Lot
14985.00
SqFt Finished
2270
SqFt Above
2270

Previous Year Tax
$880
Terms and Conditions
Cash, Conventional, Owner Will Carry
Owner Paid Utilities
Electricity,Gas,Water,Trash
Transaction Type
For Sale

Cooling
Ceiling Fan, Evaporative Cooler (Swamp)
Heating
Forced Air
Heating Fuel
Propane
Other HVAC
Other

Baths Full
0

General
Corner Lot
Features
Covered Patio, Garden Area
Base Size
None
Parking Spaces
2
Vehicle Spaces
26
Type
# of Space
L x W
Description
Garage (Detached)
1
-
Reserved
25
-
25 cars 50 motorcycles

Structure
Multi-Story
Roof
Metal
Construction
Wood Siding
Exterior Features
Covered Patio, Garden Area
Features
Restaurant
Construction Method
Block,Frame
Builder Source
County Records

School District
Elbert 200
Elementary School
Elbert K-12
Middle School
Elbert K-12
High School
Elbert K-12

Annual Actual Expenses
58113
Annual Projected Expenses
75983
Annual Actual Income
140540
Annual Projected Income
180779
Annual Actual Net Income
82427
Annual Projected Net Income
104796
Unit Furnished
2

PPA
1838235.29
Lot Width
0.00

Average Values based on MLS data (realtime)

The following Average Values are calculated based on the following property information
- Property Address: 6735 Garfield Avenue, Elbert, CO 80106
- Property Type: Incomes Property, 3 beds, 3 baths, 2270 SqFT
- Selling Price: $625,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$625,000 (1)
$625,000 (1)
$625,000 (1)
$625,000 (1)
Area 2 (1-2 miles)
$625,000 (1)
$625,000 (1)
$625,000 (1)
$625,000 (1)
Area 3 (2-3 miles)
$625,000 (1)
$625,000 (1)
$625,000 (1)
$625,000 (1)
Area 4 (3-5 miles)
$625,000 (1)
$625,000 (1)
$625,000 (1)
$625,000 (1)

executed in 6.920 sec.