175 E Spruce ST, Elizabeth, CO 80107 - MLS#1538010 - Bill Crouch

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Bill Crouch

billcrouchrealty@gmail.com +1(940) 867-8265

$2,200,000

Est. payment - /mo

0.51 Acres Lot

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UPDATED:

02/08/2025 03:10 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 1538010

Style Traditional

HOA Y/N No

Originating Board recolorado

Year Built 1997

Annual Tax Amount $5,810

Tax Year 2022

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Multi-Family

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. 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

Location

State CO

County Elbert

Zoning ER-3

Interior

Fireplace N

Exterior

Parking Features Asphalt

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

Roof Type Composition

Total Parking Spaces 24

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Others

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Special Listing Condition None

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Listed by RE/MAX Alliance • billdixonrealestate@comcast.net,303-865-5127

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Bill Crouch

+1(940) 867-8265

Agent - Wichita Falls Team Lead | License ID: 493718

Agent - Wichita Falls Team Lead License ID: 493718

175 E Spruce ST Elizabeth, CO 80107

Bill Crouch

Key Details

Location

Interior

Exterior

Building

Others

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