0.47 Acres Lot
0.47 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision No Defined Development
MLS Listing ID S1066039
Year Built 2018
Annual Tax Amount $15,780
Tax Year 2024
Lot Size 0.470 Acres
Acres 0.47
Property Description
The asset benefits from strong in place leases, high occupancy, low turnover, and upside in rental rates. All units are individually metered and separately deeded, with tenants paying all utilities, supporting low operating expenses and future exit flexibility through individual unit sales.
Located near the Yampa Valley Regional Airport and approximately 22 miles from Steamboat Springs, the property is well positioned within a growing and increasingly self sufficient market. Seller will consider favorable owner carry financing for qualified investors, and existing management can remain in place following closing.
This is a stabilized asset and your chance to own a true investment property in Routt County. Cap Rate on current numbers is 6.32%. Proforma Cap Rate is 6.51%.
Location
State CO
County Routt
Area Hayden - Town
Direction From Highway 40 (E. Jefferson Avenue), turn south onto S. Pine Street. Property will be on your right at the intersection of S. Pine Street and Washington Avenue.
Interior
Heating Electric
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Parking Features Assigned, Off Street
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
Amenities Available Snow Removal
Water Access Desc Public
Roof Type Membrane
Street Surface Paved
Total Parking Spaces 24
Building
Lot Description Corner Lot, Level, Near Public Transit
Dwelling Type Multi Family
Sewer Public Sewer
Water Public
Others
Tax ID R8180519
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