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Sold for $2,800,000 on 03/15/24
  • $2,800,000

    702 Midland Ave UNIT 1-14, Glenwood Springs, CO 81601

    27beds
    14,288sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $3,340,600 Zestimate®
    $196/sqft
    $1,949 Estimated rent

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    What's special

    **Exceptional Investment Opportunity at Toboggan Creek Apartments** Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces. **Diverse Unit Composition:** Toboggan Creek Apartments cater to a wide range of housing needs with: - (2) One-bedroom one level layouts - (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck - (3) Two-bedroom one level layouts, including one with an outdoor deck - (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection. **Abundant Living Space:** Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors. **Scenic Location with Convenient Access:** Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails. **Lucrative Investment Potential:** Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors. **Contracts and Viewing:** - **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration. For comprehensive details or to arrange a private tour, please contact our dedicated listing agent. Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution.

    Zillow last checked: 7 hours ago

    Listing updated: August 31, 2024 at 07:28pm

    Listed by:

    Sarah Windholz (970)945-7266,

    Crystal Property Mgmt & Sales

    Bought with:

    Bradley Plantz, FA100000127

    Sopris Realty LLC

    Source: AGSMLS,MLS#: 181623

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 27
    • Bathrooms: 14
    • Full bathrooms: 14
    Heating
    • Hot Water, Natural Gas, Forced Air
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Basement: Walk-Out Access,Unfinished,Finished,Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 15,245
    • Total interior livable area: 14,288 sqft
    • Finished area above ground: 13,360
    • Finished area below ground: 928

    Property

    Parking
    • Parking features: Assigned
    Features
    • Stories: 2
    Lot
    • Size: 1.09 Acres
    • Features: Landscaped
    Details
    • Parcel number: 218509300005
    • Zoning: Residential-High Den

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story,Ranch
    • Property subtype: Multi Family
    Materials
    • Other, Frame
    • Foundation: Slab
    • Roof: Membrane
    Condition
    • Good
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Electric: Yes
    • Water: Public
    • Utilities for property: Natural Gas Available, Electricity Not Available, Electricity Connected

    Community & neighborhood

    Location
    • Region: Glenwood Springs
    • Subdivision: Midland

    Other

    Other facts
    • Listing terms: New Loan,Cash