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$2,520,316*
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Multifamily -
Off Market
817 & 819 E San Miguel Street
Colorado Springs, CO 80903
Studio
0 Bath
$1,656,000 - $2,024,000
Reference Base Price*
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
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!
Unit Size
-
Days on Market
-
Land Size
0.54 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$5,228
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 3, 2020 | No longer available | - | |
No longer available | |||
Aug 1, 2020 | Listed | $1,840,000 | |
Listed |
Property Highlights
Fireplace
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 |
---|---|---|---|---|---|---|---|---|
08/01/2020
|
|
Studio
|
-
|
-
|
$1,840,000
Studio
-
|
-
-
|
-
|
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Building Info
819 East San Miguel Street
819 East San Miguel Street, Colorado Springs, CO 80903