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Map
$1,046,594*
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Multifamily -
Off Market
237 W Carr Avenue
Cripple Creek, CO 80813
Studio
0 Bath
$644,000 - $786,000
Reference Base Price*
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
This is an investors dream! The property has 10 units that are
rented 100% of the time. 9 units are fully furnished and have had a
100% occupancy rate for the last 5 years. The main house was built
in 1910 however the addition was added in 1990 which includes 7 of
the 10 units. There are also 2 cottages on the property that were
built in 2003. The cottages have new electrical ran to them. The
main house just had the boiler system completely redone and the hot
water tank is less then 5 years old. The roof is in great shape and
the property has been maintained well. Owner currently is paying
internet, water, electric, gas, TV, and trash and still cash flows.
There is room for rent increase on almost every unit which only
increases the potential for the next owner. The main apartment is 2
bedrooms, 2 bathrooms with its own kitchen, laundry and front
porch. There is 6 units on the second floor that act at studios.
Each has their own bathroom, microwave and mini fridge but they
share a kitchen area. one Unit in the lower level that was a garage
conversion and 2 separate cottages the sit behind the home. 3 units
have been rented for 5+ years, 1 for 4 years, and 3 for 2 years.
Talk about a proven track record for a great investment! With a
9.8% Capitalization rate and room to improve with increased
rents this makes for a perfect investment. The property is fully
rented so you can start making money the day you close. All tenants
are willing to stay , however no leases are currently signed.
Unit Size
-
Days on Market
-
Land Size
0.28 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$572
HOA Dues
-
Year Built
1910
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 14, 2022 | Sold | $180,000 | |
Sold | |||
Nov 27, 2019 | No longer available | - | |
No longer available | |||
Aug 23, 2019 | Price Decreased |
$715,000
↓ $15K
(2.1%)
|
|
Price Decreased | |||
Aug 13, 2019 | Relisted | $730,000 | |
Relisted | |||
Aug 12, 2019 | No longer available | - | |
No longer available |
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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 |
---|---|---|---|---|---|---|---|---|
06/03/2019
|
|
Studio
|
-
|
-
|
$760,000
Studio
-
|
-
-
|
-
|
-
|