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333 Custer Ave

Akron, CO 80720
  • $1,075,000
  • STATUS: Active
  • ON SITE: 66 Days
  • MLS #: 979241
Price Reduced
UPDATED: 39 min ago
$1,075,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Commercial
Built:
1984
County:

School Ratings & Info

Description

333 Custer Ave is a garden-style apartment community currently with an on-site, live-in manager. Each building is split up into two common area entrances, providing access to four units. The Fairview Apartments total 16 units, including both one-bedroom, and two-bedroom with a ADA accessible unit. This property is a high-yield investment opportunity that has in-place cash flow and minor renovations to each unit have been made. The potential of this investment can be further maximized through continued value-add initiatives, including exterior improvements and landscaping. Some highlights of this property include a heated manager's office, coin-operated laundry room, storage room and a garden shed.

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© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-02-03T23:41:58.22.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.taylorhomepartners.com/homes/135088715
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333 Custer Ave Akron, CO 80720

  • Price: $1,075,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 39 min ago
  • MLS #: 979241
0
Beds
0
Baths
0
½ Baths
0.74
Acres
1984
Built
Neighborhood:
N/A
County:
Washington
Area:
18 Washington County (all)
Property Description
333 Custer Ave is a garden-style apartment community currently with an on-site, live-in manager. Each building is split up into two common area entrances, providing access to four units. The Fairview Apartments total 16 units, including both one-bedroom, and two-bedroom with a ADA accessible unit. This property is a high-yield investment opportunity that has in-place cash flow and minor renovations to each unit have been made. The potential of this investment can be further maximized through continued value-add initiatives, including exterior improvements and landscaping. Some highlights of this property include a heated manager's office, coin-operated laundry room, storage room and a garden shed.
Exterior Features

Construction Materials Wood Siding Horse YN No Lot Features Corner Lot Parking Features Paved Roof Composition Waterfront YN No

Interior Features

Accessibility Features Accessible Approach With Ramp Basement None Building Area Total 9264 Building Features Storage On Site Cooling Window Unit(S)Ceiling Fan(S) Cooling YN Yes Heating Baseboard Heating YN Yes Living Area Source Assessor

Property Features

Association YN No Business Type Other Commerical Cap Rate 6.87 Ditches Active YN No Electric Separate Meter ElectricityY-W Coop Exclusions Renters Personal Property. Unit 8 Fridge Gross Income 109696.5 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Akron Net Operating Income 73917.21 New Construction YN No Operating Expense 35779.29 Possible Use Multi-Family Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(S)LandLeasesFixtures/EquipmentBusiness Special Listing Conditions Private Owner Tax Annual Amount 1300.92 Tax Year 2021 Tenant Pays None Water Source City WaterCity Zoning Comm Multi

Listing information © 2023 Information and Real Estate Services
Listing provided courtesy of Mattie Haney of Precision Homes Real Estate: 3034581901.



© 2023 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor Home Partners. Data last updated: 2023-02-03T23:41:58.22.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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