104 2nd St S - Apartments FOR SALE


Kremmling, CO 80459
$1,950,000 USD
970-485-4141
104 2nd St S, Kremmling, CO for Sale
$1,950,000 USD
Apartments - FOR SALE
1/54
null | 9.6% Cap Rate

104 2nd St S
Kremmling, CO 80459


HIGHLIGHTS

  • 3 Apartments
  • 2 Commercial Spaces
  • 30 Hotel Rooms

OVERVIEW

Welcome to The Eastin Mixed Use Commercial Property, a 12260 square foot cement block building conveniently located on highway 40 in the heart of the Colorado mountain town of Kremmling. The property currently consists of 26 hotel/workforce housing units, 3 apartments and 2 commercial spaces. Flexibility, location and historic ambiance characterize this property. Flexibility: your choice of operating a combination of hotel rooms, workforce housing and commercial spaces. Location: centrally located in the mountains of Colorado within about 1 hour of 8 major resort areas. Historic ambiance: providing guests and tenants with a true western historic boutique mountain experience. Fully furnished and priced at $159 per square foot, which is significantly below replacement cost, and offered at CAP rate of 9.6, this property offers solid current value as well as long term appreciation. A rare mountain town income producing investment opportunity offering a prime location, historic ambiance, modern updates, flexibility and a strong value proposition. For a virtual tour, see attached photos and video. For financials and additional documents, contact Rebecca Guthrie at (970)485-4141.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

31

PRICE/UNIT

$62,903

CAP RATE

9.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hotel Easton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,504 SF

ZONING

AA7

APN/PARCEL ID

R020680

ASK ABOUT THIS PROPERTY

Rebecca GuthrieRE/MAX RedMore Info
970-485-4141

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Rebecca GuthrieRE/MAX RedMore Info
970-485-4141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.