Welcome to this amazing investment opportunity in Leadville, Colorado! This fully rented 4-unit apartment building is the perfect addition to any investor's portfolio or purchase with a residential loan and get paid to live in one of the units! With a 4% cap rate, this property is generating steady returns with lots of potential for increasing income. Each unit in this well-built building features a 2 bedroom / 1 bath layout. The building has been well-maintained and is in excellent condition. Units have been remodeled since the building was built in 1975. New roof and seamless gutters installed in 2021, new electric meters in 2023. Landlord currently pays water, sewer, and trash. Tenants pay electric and internet.
Sold for $840,000 on 06/02/23
$840,000
205 W 2nd Street, Leadville, CO 80461
8beds
4baths
2,880sqft
Quadruplex
Built in 1975
-- sqft lot
$831,600 Zestimate®
$292/sqft
$2,429 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 13, 2023 at 03:51pm
Listed by:
Clark Hess 719-966-8828,
Worth Clark Realty
Bought with:
Jill Butryn, 100090227
Omni Real Estate Company Inc
Source: REcolorado,MLS#: 9854653

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has basement: No
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
- Finished area above ground: 2,880
Property
Parking
- Total spaces: 8
- Details: Off Street Spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Balcony
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 9,147 sqft
Details
- Parcel number: 263326108002
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Concrete, Frame, Vinyl Siding
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1975
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet Access (Wired)
Community & neighborhood
Location
- Region: Leadville
- Subdivision: Leadville
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Individual
Services availability

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