237 W Carr Avenue

    Cripple Creek, CO 80813
    • $715,000
    • STATUS: Active
    • ON SITE: 81 days
    • ID#: 8958787
    Price Reduced
    $715,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    School District:
    Listing provided courtesy of Re/Max Performance Inc.

    Description

    This is an investors dream! The property has 10 units that are rented 100% of the time. 9 units are fully furnished and have had a 100% occupancy rate for the last 5 years. The main house was built in 1910 however the addition was added in 1990 which includes 7 of the 10 units. There are also 2 cottages on the property that were built in 2003. The cottages have new electrical ran to them. The main house just had the boiler system completely redone and the hot water tank is less then 5 years old. The roof is in great shape and the property has been maintained well. Owner currently is paying internet, water, electric, gas, TV, and trash and still cash flows. There is room for rent increase on almost every unit which only increases the potential for the next owner. The main apartment is 2 bedrooms, 2 bathrooms with its own kitchen, laundry and front porch. There is 6 units on the second floor that act at studios. Each has their own bathroom, microwave and mini fridge but they share a kitchen area. one Unit in the lower level that was a garage conversion and 2 separate cottages the sit behind the home. 3 units have been rented for 5+ years, 1 for 4 years, and 3 for 2 years. Talk about a proven track record for a great investment! With a 9.8% Capitalization rate and room to improve with increased rents this makes for a perfect investment. The property is fully rented so you can start making money the day you close. All tenants are willing to stay , however no leases are currently signed.

    Monthly Payment Calculator



    CC Signature Group | Coldwell Banker Residential Brokerage Global Luxury- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2019-08-23T23:40:52.113.
    www.ccsignaturegroup.com/homes/95486358

    237 W Carr Avenue Cripple Creek, CO 80813

    • Price: $715,000
    • Status: Active
    • ID#: 8958787
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1910
    Built
    Neighborhood:
    Freeman Placer
    County:
    Teller
    Area:
    Cripple Creek
    School District:
    Cripple Creek/Victor
    Property Description
    This is an investors dream! The property has 10 units that are rented 100% of the time. 9 units are fully furnished and have had a 100% occupancy rate for the last 5 years. The main house was built in 1910 however the addition was added in 1990 which includes 7 of the 10 units. There are also 2 cottages on the property that were built in 2003. The cottages have new electrical ran to them. The main house just had the boiler system completely redone and the hot water tank is less then 5 years old. The roof is in great shape and the property has been maintained well. Owner currently is paying internet, water, electric, gas, TV, and trash and still cash flows. There is room for rent increase on almost every unit which only increases the potential for the next owner. The main apartment is 2 bedrooms, 2 bathrooms with its own kitchen, laundry and front porch. There is 6 units on the second floor that act at studios. Each has their own bathroom, microwave and mini fridge but they share a kitchen area. one Unit in the lower level that was a garage conversion and 2 separate cottages the sit behind the home. 3 units have been rented for 5+ years, 1 for 4 years, and 3 for 2 years. Talk about a proven track record for a great investment! With a 9.8% Capitalization rate and room to improve with increased rents this makes for a perfect investment. The property is fully rented so you can start making money the day you close. All tenants are willing to stay , however no leases are currently signed.
    Exterior Features

    Foundation Details Crawl Space Lot Size 12197.0000 Lot Size Units Sqft Parking Spaces Number Of 6 Roof Composite Shingle Siding Masonite Type Structure Wood Frame

    Interior Features

    Appliances Gas in KitchenMicrowave OvenOvenRefrigerator Fireplace Description None Heat Air Radiant Heat Laundry Facilities CommonElectric Hook-Up

    Property Features

    Earnest Money 10000 Income Property Sub Type Aptmts(6+Units) Notices See Show/Agent Remarks Tax Amount 572.00 Tax Year 2018 Unit Count 5 Utilities Natural Gas Water Municipal



    CC Signature Group | Coldwell Banker Residential Brokerage Global Luxury- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2019-08-23T23:40:52.113.
     
    CC Signature Group | Coldwell Banker Residential Brokerage Global Luxury
    2075 Research Parkway Ste B
    Colorado Springs CO, 80920
    Listing provided courtesy of Re/Max Performance Inc.