115 / 117 / 119 7th Ave - Apartments FOR SALE


Ouray, CO 81427
$2,400,000 USD
970-729-0720
115 / 117 / 119 7th Ave, Ouray, CO for Sale
$2,400,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

115 / 117 / 119 7th Ave
Ouray, CO 81427


HIGHLIGHTS

  • Move-in ready TRIPLEX on a big corner lot in downtown Ouray with flexible use and rental options
  • Current primary use of the triplex is Short-Term Rental -- approx. $110k in gross rental revenue in 2024 and $130k in 2023
  • Two 3 bedroom units (up/down duplex) PLUS a historic stand-alone cottage with tons of character
  • Avoid expensive and lengthy new construction -- start enjoying and earning rental income immediately

OVERVIEW

Exceptional Investment Opportunity in the Heart of Ouray Three Residences. One extraordinary gated compound. Immediate cash flow with proven rental income, strong appreciation potential in downtown Ouray, and multiple exit strategies for investors. Mission Rock Triplex is composed of TWO spacious 3 bedroom / 2 bathroom units PLUS a charming historic (c.1900) free-standing Cottage. The upper 3-bedroom has vaulted ceilings and south facing windows and deck looking at Mt. Abrams. At over 2000 livable square feet, the street level 3-bedroom is larger than many houses in town. Flexible use scenarios exist for the new owner -- sell off individual units, rent the units in a variety of configurations, or keep the whole thing for private use. Today all 3 units are active Short-Term Rentals with actual rental histories on file. The gated 88' x 100' corner lot is just steps from Ouray’s historic Main Street, offering easy access to shops, dining, and year-round attractions. Explore the interiors via the virtual tour at www.missionrockouray.com. With three active Short-Term Rental Licenses issued by the City of Ouray, the property presents multiple income-generating scenarios: sell off individual units, rent each unit individually, combine them for group bookings...or just keep and enjoy the entire compound as a private retreat. Gross rental income totaled approximately $130,000 in 2023 and $110,000 in 2024. Offered at an attractive $560 per finished square foot—this is a rare chance to own a flexible, income-producing asset in one of Colorado’s most iconic mountain towns. Call me with questions or to visit Mission Rock in person. Visit www.missionrockouray.com to view a virtual tour of the interiors. Thank you, --Jay Jason K. Raible LIV Sotheby's International Realty / Telluride 970-729-0720 jay@telluride-colorado.com

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

3

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DOWNTOWN OURAY TRIPLEX! IMMEDIATE CASH FLOW $

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jason RaibleLiv Sotheby's International Realty - TellurideMore Info
970-729-0720

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

Jason RaibleLiv Sotheby's International Realty - TellurideMore Info
970-729-0720

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