402 3rd St - Apartments FOR SALE


Westcliffe, CO 81252
$495,000 USD
866-841-8323
402 3rd St, Westcliffe, CO for Sale
$495,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

402 3rd St
Westcliffe, CO 81252


OVERVIEW

Remarkable four-unit apartment building in the heart of Westcliffe, Colorado, offering 3,220 sq ft of upgraded space. Ideal for investors seeking short-term or long-term rental opportunities. Enjoy scenic views of the Sangre de Cristo Mountains and proximity to local amenities and outdoor recreation. RARE COMMERCIAL APARTMENT OPPORTUNITY CALLING ALL INVESTORS YOUNG AND OLD...AND ALL THOSE IN BETWEEN! GREAT SHORT-TERM OR LONG-TERM RENTALS! Four-unit apartment building located in the heart of Westcliffe, Colorado. The entire building is 3,220 sq ft. and has several upgrades! Land The Apartments are conveniently located within walking distance to the grocery store, several coffee shops, and restaurants, post office, medical clinic, and located across the street from the park which is a great place for family picnics or just an afternoon out with friends. Enjoy beautiful grass landscaping around the building with relaxing views of the Sangre de Cristo Mountains. Additionally, this building would pay for itself and still allow an interested party to live in one of the apartments… so kind of like free rent while building your investment portfolio. Improvements Units are described as follows: Unit 1-2 located on the 2nd and 3rd floors. It is a 2BR/2BA with a W/D and partially furnished, 1050 sq ft. Unit 3 is located in the basement. It has a 2BR/1BA. It also has a covered porch area and a W/D, 775 sq ft. Unit 4 is located on the 2nd floor. It has 2BR/1BA. It has a deck and W/D, 775 sq ft. Unit 5 is located on the 3rd floor. It has 2BR/1BA, 584 sq ft. There is a washer and dryer available for Unit 5 in the basement.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

4

PRICE/UNIT

$123,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westcliffe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

0010164300

ASK ABOUT THIS PROPERTY

Twila GerouxHayden OutdoorsMore Info
866-841-8323

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Twila GerouxHayden OutdoorsMore Info
866-841-8323

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