9% CAP RATE. Fully renovated, fully rented 4plex with long term tenants. New roof, windows, water heaters and finishes throughout.
Cripple Creek is booming. Whether its work-live, vacation, spend the day, gamble, tour the mines, hunt for gems, pet the donkeys take a train ride or visit the ice castles in the winter, it's a special place with classic western charm. Built in 1895 this building has was the original firehouse, it has been a great rental & doesn't stay vacant for long! Public Water & Sewer with 4 separate Gas/Electric meters. The original cabin holds future development opportunities as well. The property consists of four units: Two 2-bedroom/1-bathroom units ($1,400 & $1,350) PLUS Two 1-bedroom/1-bathroom units ($1,200 & $1,50)- Two units feature unique sleeping lofts. Two units have washer/dryers & one has hookups.
No short-term rentals allowed. No HOA, $1,045 annual taxes.
SOLD AS-IS THIS BUILDING IS 130 YEARS OLD
Lease Term
Long Term3,000 Sq Ft
0.21 Private Acres Lot Size
investment
$87 Monthly Tax
Built in 1895
MLS/Listing ID 3333505
Public Water
Public Sewer
Mountains View
City View
Membrane
Front Porch
Deck
Heating - Natural Gas
Heating - Electric
Vinyl
Laminate
Carpet
Balcony
Construction - Brick
Style - Traditional
In Unit Laundry
Lot - Corner Lot
Lot - Near Public Transit
Lot - Sloped
Dryer
Microwave
Oven
Refrigerator
Washer
Pets Allowed
TOTAL MONTHLY COST
$0
$0
$0
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