Address
175 E Spruce Street, Elizabeth, CO
Price
$ 2,200,000
Property Attributes
- MLS#1538010
- TypeCommercial
- CountyELBERT
- CityElizabeth
- Zip80107
- StyleTraditional
- Year Built1997
- Taxes$ 5997
- Price$ 2,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10428
- Lot Size0.51 Acres
Data Source:
REColorado (MTOMLS)
Property Description
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
| Price History | |
|---|---|
| 1/8/2024 | Listed $2,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected |
| Roof | Composition |
| Zoning | ER-3 |
| Architectural Style | Traditional |
| Security Features | Carbon Monoxide Detector(s),Fire Sprinkler - Wet,Smart Cameras,Smoke Detector(s) |
| Construction Materials | Frame |
| Exclusions | Tenants property |
| Year Built | 1997 |
| Tenant Pays | Cable TV,Electricity,Gas,Internet,Telephone |
| Stories | 2 |
| Property SubType | Multi-Family |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| OwnerPays | Taxes,Trash Collection,Water |
| Building Name | Fitzgerald Apartments |
| County | Elbert |
| Property Type | Commercial Sale |
| Attached Garage | No |
| Status | Active |
| Directions | Highway 86 to Elizabeth then south on Elbert Street and east on either Poplar or Spruce |
| City | Elizabeth |
| Buyer Agent Compensation | 2.8 |
| Total Units | 12 |
| Lot Size Square Feet | 22215.6 |
| Street Name | Spruce |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 5997 |
| Structure Type | Free Standing |
| Standard Status | Active |
| Occupancy Type | Tenant (Multiple) |
| Buyer Agent Compensation Type | % |
Interior Features
| Street Suffix | Street |
|---|
Exterior Features
| Parking Features | Asphalt |
|---|---|
| Water Source | Public |
| Total Parking | 24 |
| Lot Size Area | 0.51 |
| Building Area Total | 10428 |
| Lot Size Acres | 0.51 |
| Road Surface Type | Alley Paved,Paved |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 80107
Price
Taxes
Visits
Year Built
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