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Elizabeth, CO 80107 175 E Spruce Street

$2,200,000

Pending
175 E Spruce Street Elizabeth, CO - Image 1175 E Spruce Street Elizabeth, CO - Image 2175 E Spruce Street Elizabeth, CO - Image 3
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Presented By: RE/MAX Alliance;
  • REColorado (MTOMLS) - 6 - CO
  • MLS# 1538010
  • 01/08/2024
  • Get pre-approved
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • SQFT • 10,428

Home Details

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. This building was originally built to be converted to condominiums and the current ownar has done quite a bit of the footwork to complete this converision. 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. The upper level apartments are leased for $1,350.00 per month, lower level apartments are leased for $1,250.00 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
Presented By: RE/MAX Alliance;

Interior Features for 175 E Spruce Street

Other Interior Features

Street SuffixStreet

General for 175 E Spruce Street

Architectural StyleTraditional
Attached Garage No
Building NameFitzgerald Apartments
Cap Rate
Carport Spaces
CityElizabeth
Construction MaterialsFrame
ContingencyNone Known
CountyElbert
Current UseMulti-Family
DirectionsHighway 86 to Elizabeth then south on Elbert Street and east on either Poplar or Spruce
ExclusionsTenants property
Garage Spaces
Listing TermsCash, Conventional, Owner Will Carry
Lot Size Square Feet22215.6
Lot Size UnitsAcres
Number Of Units Total12
NumberOfUnitsVacant0
Occupancy TypeTenant (Multiple)
OwnerPaysTaxes, Trash Collection, Water
Property SubtypeMulti-Family
Property TypeCommercial Sale
RoofComposition
Security FeaturesCarbon Monoxide Detector(s), Fire Sprinkler - Wet, Smart Cameras, Smoke Detector(s)
SewerPublic Sewer
Standard StatusActive Under Contract
StatusPending
Stories Count2
Structure TypeFree Standing
Tax Annual Amount5810
Tax Year2022
Tenant PaysCable TV, Electricity, Gas, Internet, Telephone
UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
Year Built1997
ZoningER-3

Exterior for 175 E Spruce Street

Building Area Total10428
Lot Size Acres0.51
Lot Size Area0.51
Parking FeaturesAsphalt
Road Frontage TypePublic
Road ResponsibilityPublic Maintained Road
Road Surface TypeAlley Paved, Paved
Total Parking24
Water SourcePublic

Additional Details

Price History

Jason GaNung

REALTOR | EMERALD COAST ADVISOR
Price $2,200,000
MLS#1538010
List Date 01/08/2024
Property Type Pending
Phone (850) 764-1812
Get pre-approved
Request Tour
Request Info
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