301-321 Brook Street

Palmer Lake, CO 80133

Incomes Property  $1,390,000  Under Contract

06-27-2017 09:23am

Situated majestically at the top of Palmer Lake is the investment opportunity of a lifetime! 7 Townhome units plus a 1.55 AC parcel approved for 8 more units. Excellent rental history! Units can be re-sold separately., HOA goes into effect when units are separated. All units have south-facing decks, wood-burning FPs and 2 car garages! Adjacent to Nat'l. Forest for hiking and biking and exploring! This is a rare, multi-family offering w/numerous options: flip a few, hold a few, and build a few! We encourage you to invest in this scenic little mountain village before the secret is out! Outdoor enthusiasts coined Palmer Lake "Almost Heaven" in the late 1800's...we are sure that once you visit, you will want to live here too! Own a piece of the Palmer Lake lifestyle: 4 mountains, 2 reservoirs, a lake, 2 creeks, a waterfall and endless forest! This community is unbelievably affordable, the location is prime, and the schools are top-rated!

MLS#
8009651
MLS Originator
REcolorado (Denver)
Off Market Date
06-26-2017 12:00am
Original Price
$1,390,000
Nearby Attraction
Borders National Forest , Corner Lot, Secluded

Property
Income
Property Subtype
Income
Status
Under Contract
Status Conditions
None Known
Last Update
06-27-2017 09:23am
Bedrooms
15
Bathrooms
14
SqFt
8352
Year Built
1986
Der PSF Total
166.43

SqFt Lot
87840.00
SqFt Finished
8352
SqFt Above
8352

Previous Year Tax
$3,249
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
None
Transaction Type
For Sale

Interior Features
Built-Ins
Appliances
Dishwasher, Refrigerator (Kitchen), Stove/Range/Oven
Flooring
Carpet, Tile Floor
Cooling
None
Heating
Forced Air
Heating Fuel
Gas

Baths Full
0
Laundry Availability
Washer/Dryer Included,W/D Hookups in Unit

General
Borders National Forest , Corner Lot, Secluded
Features
Balcony, Deck, Patio
Base Size
None
Parking Spaces
7
Vehicle Spaces
14
Type
# of Space
L x W
Description
Garage (Attached)
2
-
Garage (Attached)
2
-
Garage (Attached)
2
-
Garage (Attached)
2
-
Garage (Attached)
2
-
Garage (Attached)
2
-
Garage (Attached)
2
-
Lot View
Mountain View

Building Type
Triplex (all units),Quadplex (all units)
Structure
Ranch/1 Story
Roof
Rolled Roofing
Construction
Stucco, Wood Siding
Architectural Style
Contemporary
Exterior Features
Balcony, Deck, Patio
Construction Method
Frame

School District
Lewis-Palmer 38
Elementary School
Palmer Lake
Middle School
Lewis-Palmer
High School
Palmer Ridge

Annual Actual Expenses
9700
Annual Projected Expenses
10000
Annual Actual Income
125000
Annual Projected Income
125000
Annual Actual Net Income
115300
Annual Projected Net Income
115000
Unit Furnished
0

PPA
688118.81
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: 301-321 Brook Street, Palmer Lake, CO 80133
- Property Type: Incomes Property, 15 beds, 14 baths, 8352 SqFT
- Selling Price: $1,390,000
 
Average Price (Cumulative Number of Properties)
 
Last 3 months
Last 6 months
Last 9 months
Last 12 months
Area 1 (< 1 mile)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
Area 2 (1-2 miles)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
Area 3 (2-3 miles)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
Area 4 (3-5 miles)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)
$1,390,000 (1)

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