$1,120,000
●
House -
Off Market
261 Southside Loop #AB
Salida, CO 81201
5 Beds
1 Bath,
2
Half Baths
3,043 Ft²
$5,969
Est. Monthly
$360
HOA / Fees
2.65%
Cap Rate
About This Property
Welcome to 261 Southside Loop Unit A & B, the perfect opportunity
for an investment property. Built in Salida's most desired
neighborhood of Two Rivers, Unit A is a 3 bed 4 bath and Unit B is
a 2 bed 3 bath. When you enter each home you will be greeted by an
open concept living space complete with engineered hardwood floors,
a flood of natural light provided by large windows and a kitchen
with calacatta quartz countertops and beautiful coffee brown
cabinets. Equipped with forced air and central air conditioning,
these units are built for comfort. Head outside to a fully fenced
backyard and a detached one car garage for a vehicle or all your
outdoor toys. Don't wait, give us a call today to set up your
showing.
Unit Size
3,043 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$368
Property Type
House
Property Taxes
$109
HOA Dues
$360
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (REcolorado MLS #3994065)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 25, 2025 | Listed by Pinon Real Estate Group LLC | $1,120,000 | |
| Listed by Pinon Real Estate Group LLC | |||
| | |||
|
Welcome to 261 Southside Loop Unit A & B, the perfect opportunity for an investment property. Built in Salida's most desired neighborhood of Two Rivers, Unit A is a 3 bed 4 bath and Unit B is a 2 bed 3 bath. When you enter each home you will be greeted by an open concept living space complete with engineered hardwood floors, a flood of natural light provided by large windows and a kitchen with calacatta quartz countertops and beautiful coffee brown cabinets. Equipped with forced air and central air conditioning, these units are built for comfort. Head outside to a fully fenced backyard and a detached one car garage for a vehicle or all your outdoor toys. Don't wait, give us a call today to set up your showing.
| |||
Property Highlights
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 1
Appliances: Dishwasher, Refrigerator, Microwave, Disposal
Laundry Features: Main Level
Basement: Crawl Space
Exterior Details
Has Property Attached
Square Footage: 3043
Square Footage Source: $0
Property Condition: New Construction
Year Built: 2024
Building Area Total: 3043
Levels: Two
Construction Materials: Stucco, Concrete, Wood/Frame
Patio and Porch Features: Patio
Lot Size Area: 6459
Lot Size Units: Square Feet
Lot Size Acres: 0.15
Lot Size Square Feet: 6459
Financial Details
Tax Annual Amount: $1,310
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Public Sewer, City Sewer
Location Details
HOA/Condo/Coop Fee Includes: Snow Removal
HOA Fee: $190
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $170
Condo/Coop Fee Frequency: Monthly
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 | Listed By |
|---|---|---|---|---|---|---|---|
|
03/25/2025
|
5 Bed
|
7 Bath
|
3043 ft²
|
$1,120,000
5 Bed
7 Bath
3043 ft²
|
$1,120,000
03/25/2025
|
Hunter Smith
Texas Dream Realtors
| |
|
11/23/2024
|
2 Bed
|
1 Bath
|
1343 ft²
|
$565,000
2 Bed
1 Bath
1343 ft²
|
-
-
|
Hunter Smith
Texas Dream Realtors
| |
|
11/23/2024
|
3 Bed
|
1 Bath
|
1700 ft²
|
$675,000
3 Bed
1 Bath
1700 ft²
|
-
-
|
Hunter Smith
Texas Dream Realtors
|
Building Info
About Chaffee
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Listed by: Hunter Smith, Pinon Real Estate Group LLC
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 3994065
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 3994065
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