$534,384*
●
Multifamily -
Off Market
401 Broadway
Penrose, CO 81240
9 Beds
5 Baths
5364 Sqft
$387,000 - $471,000
Reference Base Price*
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Well cared for and maintained income producing property with 4
residential units and 2 commercial units, located in Downtown
Penrose Colorado. Storage shed on the backside of the lot for
owner/landlords use and a total of 12 parking spaces around the
building. The 2 commercial units on the first level facing
Broadway, 1 residential unit on main floor has covered patio area
and open space for play area and outdoor leisure. 3 residential
units on top level, one boasting a large outdoor balcony. The
common area between the 3 residential units on the top floor has a
coin operated washer and dryer and there is an Laundry Mat located
across the street from the building. Fire escape at the rear of the
building for the top units that is up to code. Total gross income
including coin operated laundry is $47,160 producing a nearly 11%
gross Cap Rate with current rents. Easy access off of HWY 115 to
Broadway. Less than a 45 Minute drive to Colorado Springs and
Pueblo. About 15 minute drive to Canon City and Florence. Must have
a Proof of Funds or Pre-Approval Letter from Lender to view. Must
have an Appointment to View.
The manager has listed the unit size as 5364 square feet.
The manager has listed the unit size as 5364 square feet.
Unit Size
5,364Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$80
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1909
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 10, 2021 | No longer available | - | |
No longer available | |||
Dec 12, 2020 | Listed | $429,750 | |
Listed |
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 |
---|---|---|---|---|---|---|---|---|
12/12/2020
|
|
9 Bed
|
5 Bath
|
5364 ft²
|
$429,750
9 Bed
5 Bath
5364 ft²
|
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-
|
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