130 Cleborn St - Apartments FOR SALE


Lake City, CO 81235
$775,000 USD
970-944-5050
130 Cleborn St, Lake City, CO for Sale
$775,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

130 Cleborn St
Lake City, CO 81235


HIGHLIGHTS

  • Location
  • Mountain Views
  • Off street parking

OVERVIEW

The Cleborn multi-family complex presents a fantastic investment opportunity with its four unique units and additional rental suite. Key features include: • Unit Details: Each apartment boasts unique floor plans, with two featuring full bathrooms and two with three-quarter bathrooms. The rental suite includes a spacious 5-piece bath, offering versatility for future modifications, such as a kitchenette to create a studio or an extension to a one-bedroom unit. • Amenities: On-site laundry facilities, off-street parking, and outside decks enhance tenant convenience and comfort, while captivating mountain views add to the appeal. • Property Features: The complex is situated on a 0.21-acre lot, partially treed, with ample parking. A recently updated Quonset hut provides valuable storage for vehicles and recreational equipment. • Location: Ideally located near the Lake Fork of the Gunnison River, Memorial Park, and downtown Lake City, residents enjoy easy access to walking trails, restaurants, and shopping. This well-maintained property with modern updates and excellent potential for expansion makes it a prime choice for investors.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cleborn Multi-Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Other

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael MurphyMurphy Real EstateMore Info
970-944-5050

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Michael MurphyMurphy Real EstateMore Info
970-944-5050

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