1517 Main Street

Strasburg, CO 80136

Incomes Property  $440,000  Sold

09-18-2017 09:22am

Unique income opportunity off Main St. in Strasburg. Completely renovated and shows beautifully. The stone wall facade was built with a lot of love! Members of the community contributed to the amazing work of art with personal and community business mementos. From the main entrance there is a tranquil waiting room with in-wall waterfall, and a community library. Town members borrow and furnish this library. Instant cash-flow with this building, with tenants who are currently in place and happy. (most tenants have been there 2-7 years). Rents for each of the 7 smaller offices are currently $500/mo. And there is an additional larger office with a private entrance that is not even being utilized at this time that could potentially rent out for $800/mo. (has a private entrance with small waiting room and private bathroom/wetroom). Storage facility in the rear of the building could also be rented out for additional income potential. Building is extremely well-built and very energy efficient.

MLS#
3394681
MLS Originator
REcolorado (Denver)
Off Market Date
07-05-2017 12:00am
Original Price
$475,000

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
09-18-2017 09:22am
Bedrooms
0
Bathrooms
5
SqFt
3142
Year Built
1950
Der PSF Total
140.04

SqFt Lot
4500.00
SqFt Finished
3142
SqFt Above
3142

Sold Price
$440,000
Previous Year Tax
$558
Terms and Conditions
Cash, Conventional
Transaction Type
For Sale

Appliances
Dryer, Refrigerator (Kitchen), Washer
Flooring
Carpet, Laminate, Tile Floor
Cooling
Evaporative Cooler (Swamp)
Heating
Hot Water
Heating Fuel
Gas

Laundry Availability
Washer/Dryer Included

Base Type
Cellar
Base Size
None
Parking Spaces
1
Parking Features
Driveway-Asphalt
Vehicle Spaces
10
Type
# of Space
L x W
Description
Off-Street
10
-
Lot North of building is also part of purchase.

Building Type
5+ Plex (all units)
Roof
Composition Shingles
Construction
Metal Siding, Wood Siding
Construction Method
Frame
Builder Source
County Records

School District
Strasburg 31-J
Elementary School
Strasburg
Middle School
Hemphill
High School
Strasburg

Annual Actual Expenses
4800
Annual Projected Expenses
4800
Annual Actual Income
42000
Annual Projected Income
51600
Annual Actual Net Income
37200
Annual Projected Net Income
46800
Unit Furnished
0

PPA
4400000.00
Lot Width
0.00
Road Surface
Paved Road

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