0 Gumtree/Freeland Extension /Eureka/ Belmont Mining
About This Property
Situated on the renowned Gumtree mine, this property holds a significant place in Colorado's mining heritage, making it an ideal haven for history enthusiasts and nature lovers alike. The south and east facing slopes ensure an abundance of sunshine throughout the year, creating an inviting environment for outdoor activities and relaxation.
Whether you envision it as a camping retreat or a basecamp for embarking on grand adventures in the Colorado wilderness, this property provides a canvas for your dreams. Its proximity to town offers convenience, while its historical significance adds a unique touch and allure to the land.
** It is Suggested that you park on Trail Creek Road close to the directional Compass sign and walk up Gumtree, otherwise High Clearance 4X4 is a must. DO NOT WALK ON THE GRATE COVERING MINING HOLE. The APP OnX offers a pretty close idea of property boundaries. Look Up Gumtree Mining Corporation as owner to pull up exact location ***
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Price Decreased |
$165,000
↓ $20K
(10.8%) | |
| Price Decreased | |||
| May 1, 2024 | Listed by Compass - Denver | $185,000 | |
| Listed by Compass - Denver | |||
| Jun 24, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017