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$ 2,400,000
Est. payment | /mo
0.61 Acres Lot
$ 2,400,000
Est. payment | /mo
0.61 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7942349
HOA Y/N No
Originating Board recolorado
Year Built 1920
Annual Tax Amount $11,348
Tax Year 2023
Lot Size 0.610 Acres
Acres 0.61
Property Description
201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. These units feature a unique mix consisting of (4) 1Br/1Ba units, (6) 2Br/1Ba units, and (3) 3Br/1Ba units. This turn-key investment is in excellent condition and requires little to no capital injection. Current ownership has updated the majority of the electrical panels in the units, installed a new roof and gutters (2017), and recently installed a new boiler. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow. PROPERTY HIGHLIGHTS: Turn-Key Asset with 12 out of 13 units fully renovated; Updated Windows, Two New High-Efficiency Boilers with Water Storage Tanks (2021), New Exterior Paint (2023) and Landscaping (2024); 13 Surface Parking Spots; In the Heart of Downtown Johnstown with the Ability to Walk to Numerous Restaurant and Retail Stores; Large Storage Units in Basement that Currently Provide Additional Income
Location
State CO
County Weld
Interior
Fireplace N
Exterior
Total Parking Spaces 13
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors • jknowlton@pinnaclerea.com,303-962-9543
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Curtis Wehr
REALTOR® | Broker-Associate | Lic# 40006711