315 Spring St
About This Property
This home's location is exceptional: just a short walk to the historic downtown of Morrison, where you can enjoy local dining, shops, and community events. It's also minutes away from the iconic Red Rocks Amphitheatre, perfect for those who love live music and stunning natural landscapes.
The property itself is a blank canvas awaiting your touch, a rare fixer-upper opportunity with significant potential. Previously off the market to address property boundaries that have been resolved. While the home requires some updates, the structural layout provides a fantastic base for renovation. The creekside yard offers a peaceful retreat with Bear Creek flowing just steps away, ideal for relaxing or entertaining with family and friends.
Don't miss this opportunity to create a one-of-a-kind retreat in a prime location!
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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 |
|---|---|---|---|
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Dec 18, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by MB Marston and Blue | $425,000 | |
| Listed by MB Marston and Blue | |||
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This home is nestled along the scenic Bear Creek River in Morrison, Colorado; this property combines the charm of a mountain town setting with unbeatable access to outdoor recreation and local amenities.
This home's location is exceptional: just a short walk to the historic downtown of Morrison, where you can enjoy local dining, shops, and community events. It's also minutes away from the iconic Red Rocks Amphitheatre, perfect for those who love live music and stunning natural landscapes.
The property itself is a blank canvas awaiting your touch, a rare fixer-upper opportunity with significant potential. Previously off the market to address property boundaries that have been resolved. While the home requires some updates, the structural layout provides a fantastic base for renovation. The creekside yard offers a peaceful retreat with Bear Creek flowing just steps away, ideal for relaxing or entertaining with family and friends.
Don't miss this opportunity to create a one-of-a-kind retreat in a prime location!
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| Jul 18, 2024 | Listed | $375,000 | |
| Listed | |||
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Huge Price Improvement!!! Seller looking for quick cash sale. ****Lot Line Needs Adjustment*****. Buyer too address this issue after closing. Call agent for details. $175K price reduction!!!
A truly unique and special opportunity here. Location! Location! Location! Sitting just a few steps from the stream and downtown Morrison this home has so much charm you really must come see. 1 bedroom but with a bonus room that could be used for an office or other use. The home is ready for your personal touch but the location really cannot be beat. Come enjoy the relaxing sound of the rushing stream and all that downtown Morrison has to offer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017