This is it! Your opportunity to own one of the best residential
apartments in town. Newer buildings mostly updated with great
rental history in one of the best spots in town. Great investment.
This 12-unit Claire Creek apartments are 2 separate buildings
located in the coveted Patty Jewett residential neighborhood; just
blocks from the golf course & booming downtown CO Springs. Sits
on 2 large lots totaling over 1/2 acre right on Claire Creek. You
get the desirable Victorian style but not the problems as it was
built solid in 1986. Each building contains 6 apartments, each with
four main level 1-bedroom/1-bath apartments on each of the 4
corners & 2 upper level 2-bedroom/2-bath apartments with
vaulted ceilings. Every apartment has it's own wood burning
fireplace, 12 total, & each has it's own private deck but two.
20+ off street designated parking spots. Each unit is separately
metered. Owner pays all utilities and trash. Excellent rental
history with outstanding tenants. Only vacancies were purposeful
over the last 3-4 years while owner did substantial renovations to
8 of the 12 apartments. One apartment in process of being renovated
now. Over $300k in improvements over the years and many large
improvements such as newer roof, complete overhaul to both boilers
for efficient heating. To happen soon: Exterior to be
repaired/prepped & painted, new exterior lighting, repair of
front sidewalk & new tile in entrances & laundry rooms.
Little maintenance needed to operate. Rents are well below market.
Additional income from 2 sets of coin-operated laundry machines.
Best if buyer takes over desirable assumable loan with good terms.
Beer may even be able to split up the buildings and sell separately
in the future. One unit is available to see with notice. Phew!
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Room By Room Floorplans and Photos
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