Active
175 E Spruce Street
Elizabeth CO, 80107
$2,200,000
$210.97 per sqft
Active
10,428 sqft
Commercial
Built in 1997
12 unit apartment in the village of Elizabeth Colorado. Seller may finance a qualified Buyer. First time on the market. 45 minutes to the Denver metro area. Currently 100% leased.. Original owner and builder. 12 two bedroom, 1 bath single level apartments. All are ranch style units. Each apartment has it own elec. and gas meter, building owner pays water, sewer, taxes, trash pickup and insurance. Each unit has a fire sprinkler system. Cable is available no satellite dishes. Stove/range/oven, refrigerator, washer and dryer in all units. 2 story building with parking on each level. Upper level apartments lease for $1,350.00 per month and lower level apartments lease for $1,250.00 per month. Rents are in the process of being raised, currentyl 8 units are still paying $1,200.00 per month. Just a short half block walk to the park and 4 blocks to the Elementary School. 10 water heaters replaced in 2023 and one in 2024, and the other water heater in the last 3 years. 8 new GFA furnaces installed in 2024 and the other 4 in the last 3 years
1538010
MLSⓇ ID
January 8, 2024
Listed
April 3, 2024
Updated
Map
175 E Spruce Street
Elizabeth CO, 80107
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.51 Acres
Architectual Style
Traditional
Roof
Composition
Sewer
Public Sewer
Other Property Details
Taxes
$5,997
Tax Frequency
Annually
Garage
No
Parking
Asphalt
Parking Total
24
View
No
County
Elbert
Water Source
Public
Pool
No
Zoning
ER-3
Buyer Agency Compensation
2.8%
Listing History
Date | Event | Price |
|---|---|---|
2/29/2024 | Active | — |
2/14/2024 | Pending | — |
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