$2,200,000
0.51 Acre Lot

175 E Spruce Street Unit 103204, Elizabeth, Colorado 80107

  • Commercial Sale Property Type
  • Asphalt Cars Garage
  • 1997 Year Built
Property Description

12 unit apartment in the village of Elizabeth Colorado. First time on the market. 45 minutes to the Denver metro area. Currently 100% leased.. Original owner and builder. 12 two bedroom, 1 bath single level apartments. All are ranch style units. Each apartment has it own elec. and gas meter, building owner pays water, sewer, taxes, trash pickup and insurance. This building was originally built to be converted to condominiums and the current ownar has done quite a bit of the footwork to complete this converision. Each unit has a fire sprinkler system. Cable is available no satellite dishes. Stove/range/oven, refrigerator, washer and dryer in all units. 2 story building with parking on each level. The upper level apartments are leased for $1,350.00 per month, lower level apartments are leased for $1,250.00 per month. Just a short half block walk to the park. 10 water heaters replaced in 2023 and one in 2024, and the other water heater in the last 3 years. 8 new GFA furnaces installed in 2024 and the other 4 in the last 3 years

Basic Details
Commercial Sale
For Sale
1538010
$2,200,000
1997
0.51 Acre
Active Under Contract
Multi-Family
: Composition
Listing courtesy of
RE/MAX Alliance
Features
: Asphalt
: Public Sewer
: Natural Gas Connected, Sewer Connected, Electricity Connected, Cable Available
: Traditional
Address Map
Spruce
175
Street
W105° 24' 6.4''
N39° 21' 31''
Highway 86 to Elizabeth then south on Elbert Street and east on either Poplar or Spruce
E
ER-3
Additional Information
10428
: Frame
: Multi-Family
12
2
: Public
Financial
5810
Listing Information
266941
REM03
Cash,Conventional,Owner Will Carry
Pending
2025-02-08T03:10:16Z
REcolorado
: None
2025-02-08T03:09:43Z
Bill Dixon
Agent info
Harder Real Estate & Development
130 West 2nd St, Suite 1