122 E 1st St - Apartments FOR SALE


Cortez, CO 81321
$950,000 USD
816-420-6293
122 E 1st St, Cortez, CO for Sale
$950,000 USD
Apartments - FOR SALE
1/4
null | 6.67% Cap Rate

122 E 1st St
Cortez, CO 81321


OVERVIEW

"Adobes On Ash” is a rare chance to own one of Cortez, Colorado’s most historic and stable multi-family assets. This 11-unit income-producing property offers a 6.67% cap rate, long-term tenant stability, and unbeatable downtown walkability just one block off Main Street. Currently 100% occupied with Central Business District zoning, exceptional visibility, and confirmed additional development potential, this property delivers both dependable returns today and strong upside for future growth. Located in a thriving Southwest Colorado community with almost zero rental vacancy, this is the ideal investment for buyers seeking reliable cash flow and long-term appreciation. Listing ID: 05099-830219

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

11

PRICE/UNIT

$86,364

CAP RATE

6.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime 11-Unit Multi-Family Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Multi-Family

APN/PARCEL ID

R009589

ASK ABOUT THIS PROPERTY

Jeb BrantnerUnited Country Real EstateMore Info
816-420-6293

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Jeb BrantnerUnited Country Real EstateMore Info
816-420-6293

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