175 E Spruce Street, Elizabeth

$2,200,000

0 Beds
0 Baths
10,428 Sqft
.51 Acres
0 Garages

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

Status: Active

Metrolist Services Inc (Colorado) Logo RE/MAX Alliance.

Essential Information
MLS® #1538010
Price$2,200,000
Bathrooms0.00
Square Footage10,428
Acres0.51
Year Built1997
TypeCommercial
Sub-TypeMulti-Family
StyleTraditional
StatusActive
Community Information
Address175 E Spruce Street
CityElizabeth
CountyElbert
StateCO
Zip Code80107
Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected

Exterior
RoofComposition
Additional Information
Date ListedJanuary 8th, 2024
ZoningER-3
Parking Spaces24
ParkingAsphalt
Listing Details
Metrolist Services Inc (Colorado) LogoRE/MAX Alliance
Property History
Status Changed from Pending to Active
Status Changed from Active to Pending
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Listing information last updated on May 14th, 2024 at 12:48pm MDT.