Corner of 5th and Harrison - the Heart of Leadville. Extraordinary income property with $70,000 annual NOI from $96,000 scheduled rent = 15.5% cap rate. Building needs upgrades to rear stairs and utility feed plus general updates costing from $50K to $100K (our estimate). 7 residential units upstairs, 2 large commercial units downstairs. Potential for additional residential unit up or expand existing.
Sold for $980,000 on 12/14/23
$980,000
500 Harrison Ave, Leadville, CO 80461
--beds
0baths
9,942sqft
MultiFamily
Built in 1902
-- sqft lot
$1,067,600 Zestimate®
$99/sqft
$1,931 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Forced air, Gas
Cooling
- None
Features
- Flooring: Tile, Carpet, Linoleum / Vinyl
Interior area
- Total interior livable area: 9,942 sqft
Property
Features
- Exterior features: Brick
Lot
- Size: 0.26 Acres
Details
- Parcel number: 263324323011
Construction
Type & style
- Home type: MultiFamily
Materials
- Other
- Foundation: Masonry
- Roof: Built-up
Condition
- Year built: 1902
Community & neighborhood
Location
- Region: Leadville
Services availability
Get pre-qualified for a loan
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