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175 E Spruce Street, Elizabeth, CO – $2,200,000

  • $2.2M Price
  • 10,428 Sqft
  • .51 Acres
  • $2.2M Price
  • 10,428 Sqft
  • .51 Acres

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175 E Spruce Street

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. 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. Upper level apartments lease for $1,350.00 per month and lower level apartments lease for $1,250.00 per month. Rents are in the process of being raised, currentyl 8 units are still paying $1,200.00 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

Listing Office: RE/MAX Alliance

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Essential Information

  • MLS® #1538010
  • Price$2,200,000
  • Bathrooms0.00
  • Square Footage10,428
  • Acres0.51
  • Year Built1997
  • TypeCommercial Sale
  • Sub-TypeMulti-Family
  • StyleTraditional
  • StatusActive

Community Information

  • Address175 E Spruce Street
  • CityElizabeth
  • CountyElbert
  • StateCO
  • Zip Code80107

Amenities

  • Parking Spaces24
  • ParkingAsphalt

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected

Exterior

  • RoofComposition

Additional Information

  • Date ListedJanuary 8th, 2024
  • ZoningER-3

Listing Details

  • RE/MAX Alliance

Office Contact

billdixonrealestate@comcast.net,303-865-5127

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Listing information last updated on May 17th, 2024 at 12:03am MDT.