309 8th St - Apartments FOR SALE


Hugo, CO 80821
$450,000 USD
719-740-1361
309 8th St, Hugo, CO for Sale
$450,000 USD
Apartments - FOR SALE
1/49
null | 5.85% Cap Rate

309 8th St
Hugo, CO 80821


HIGHLIGHTS

  • Low Vacancy Rate
  • Great Rental History
  • Well Maintained

OVERVIEW

Rare Investment Opportunity in Hugo, CO! A unique chance to own a fully occupied quadplex in Eastern Colorado—an investor’s dream! This well-maintained property boasts a strong rental history and consistent income potential. Unit 1 & Unit 4: Single-level living, each featuring 2 bedrooms and 1 full bathroom. Unit 2 & Unit 3: Two-story layouts, each offering 3 bedrooms and 2 bathrooms. Unit 4 Bonus: Includes an additional storage room attached to the back. Parking: Off-street parking available via the alley, plus an attached 1-car garage available for rental. Each unit has been thoughtfully upgraded over time and features: - Its own kitchen and dining area - In-unit laundry with washer and dryer - Individual furnace and A/C condenser for personalized comfort Don’t miss out on this rare, income-generating property in a high-demand rental market! Reach out to us today for more details!

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

4

PRICE/UNIT

$112,500

CAP RATE

5.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

1

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

279732209016,R008119

ASK ABOUT THIS PROPERTY

Timothy AndersenGordon Real Estate GroupMore Info
719-740-1361

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Timothy AndersenGordon Real Estate GroupMore Info
719-740-1361

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