See Home Value
Cripple Creek 80813
237 W Carr Avenue
$1,046,594*
Multifamily - Off Market

237 W Carr Avenue

Cripple Creek, CO 80813
bedrooms
Studio
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$675,000 Mar 28, 2024
-
$541/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190603
06/03/2019
Studio
-
-
$760,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

237 West Carr Avenue 237 West Carr Avenue, Cripple Creek, CO 80813
More about this Building
237 West Carr Avenue
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About Cripple Creek


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