$607,755*
●
Multifamily -
Off Market
119 N Fourth Street
Victor, CO 80860
Studio
0 Bath
$383,000 - $467,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
About This Property
One of a kind property--Victorian Brick exterior structure gutted
in 1991 and rebuilt with updated electrical, plumbing, etc.
Each unit was completed as a stand-along unit with the
long-term intention of creating a Condominium HOA for common
maintenance and selling each unit individually. Property is
considered a 6-plex but is on 3 lots and the City of Victor could
be petitioned to separate each building onto it's own lot for 3
duplex properties--new buyer would need to pay for sewer/water taps
for 2 "extra" buildings. Fabulous features such as old
advertisements on the Victorian brick walls, architectural elements
from famous hotels in the area, etc., along with classy and
timeless updates that make this 6-plex unique for the area and
could easily pass for downtown Colorado Springs or River North in
Denver. Supplemental Documents include hand-written notes on
property history, etc. Pictures don't do this property
justice...must see! Low maintenance, 100% occupancy,
longevity of occupancy, and applicants in waiting. Owner
absent much of the time and valued longevity over income; Rents can
easily be upwardly adjusted. Seller willing to finance for 30% down
for up to 5 years. Historically 100% occupancy AND more
growth in progress in Cripple Creek Casinos and steady employment
with local mining presence. Property pricing reflects some
minor maintenance/repairs anticipated.
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,402
HOA Dues
-
Year Built
1899
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 10, 2020 | No longer available | - | |
No longer available | |||
Oct 31, 2019 | Listed | $425,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/31/2019
|
|
Studio
|
-
|
-
|
$425,000
Studio
-
|
-
-
|
-
|
-
|