175 E Spruce Street, Elizabeth, CO 80107 | MLS 1538010 | Listing Information | Nestfully
Courtesy: RE/MAX Alliance
FOR SALE
$2,200,000
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175 E Spruce Street
Elizabeth, CO 80107

10,428
Sq. Ft.
0.51
Acres Lot
Multi-Family

Description for 175 E Spruce Street Elizabeth, CO 80107

125 days on Nestfully 11 views
12 unit apartment in the village of Elizabeth Colorado. First time on the market. 45 minutes to the Denver metro area. Currently 100% leased.. Original owner and builder. 12 two bedroom, 1 bath single level apartments. All are ranch style units. Each apartment has it own elec. and gas meter, building owner pays water, sewer, taxes, trash pickup and insurance. Each unit has a fire sprinkler system. Cable is available no satellite dishes. Stove/range/oven, refrigerator, washer and dryer in all units. 2 story building with parking on each level. Upper level apartments lease for $1,350.00 per month and lower level apartments lease for $1,250.00 per month. Rents are in the process of being raised, currentyl 8 units are still paying $1,200.00 per month. Just a short half block walk to the park. 10 water heaters replaced in 2023 and one in 2024, and the other water heater in the last 3 years. 8 new GFA furnaces installed in 2024 and the other 4 in the last 3 years

Property Details

1538010
Multi-Family
Traditional, 2 Story
1997
Elbert
0.51 Acres
Public Water
2
Frame
Public Sewer
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Courtesy: RE/MAX Alliance

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