This unique multifamily opportunity consists of 11 apartments with 1 studio units, 8 one beds, 1 two bed and 1 three bed unit. The property has recently been repainted, has a newer roof, newer HVAC and recent renovations to many of the units. The current owner has solid in place rents with room for rent growth as leases turn. Tenants pay an additional utility fee per month to get owner to net zero utility expense. This property is located in the desirable Manitou Springs area within walking distance to shops, restaurants and entertainment. A rent roll is available upon request.
- Price:
- $2,100,000
- Acreage:
- 0.18
- Year Built:
- 1920
- Listing ID #:
- 6176260
- Street Address:
- 601 Manitou Ave
- City:
- Manitou Springs
- State:
- Colorado
- Postal Code:
- 80829
- County:
- El Paso
- Subarea:
- Manitou Terrace
- Listing Status:
- Active
- Listing Type:
- Aptmts(6+Units)
- Unit Total # Of Baths:
- 11
- Unit Total # Of Bedrooms:
- 15
- Year Built:
- 1920
- Lot Size:
- 8026.0000
- Earnest Money:
- 21000
- Property Taxes:
- $4,652
- Tax Year:
- 2021
- Existing Water:
- Municipal
- Heating:
- Forced Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing provided by Capstone West
