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  • $600,000

    928 Ocean Wave Drive, Lake City, CO 81235

    --beds
    3,750sqft
    : 
    Apartment
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $160/sqft
    $-- HOA

    What's special

    Nestled in the picturesque town of Lake City, Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, and 3 1-bedroom apartments, it presents a unique investment opportunity. Situated on a spacious .50-acre lot, there's ample room for expansion or additional development. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning district, just across from the scenic Lake Fork of the Gunnison River. Essential amenities including a grocery store, bakery, and gas station are within close proximity, while the historic downtown area of Lake City is just a short distance away. Presently, all apartments are leased on a flexible month-to-month basis, contributing to the property's stellar rental history characterized by long-term tenants. Priced competitively and primed for acquisition, seize the opportunity to explore this promising investment. Contact us today to schedule a viewing.
    24 days
    on Zillow
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    189
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    Zillow last checked: 7 hours ago

    Listing updated: April 25, 2025 at 12:38am

    Listed by:

    Michael Murphy 719-849-1441,

    Murphy Real Estate,

    Sandy Murphy,

    Murphy Real Estate

    Source: CREN,MLS#: 812223MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 928 Ocean Wave Drive.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 8
    • 3/4 bathrooms: 7
    • 1/2 bathrooms: 1
    Appliances
    • Included: Range, Refrigerator
    Features
    • Flooring: Carpet, Laminate, Linoleum, Tile
    Interior area
    • Total structure area: 3,750
    • Total interior livable area: 3,750 sqft

    Property

    Parking
    • Parking features: 1 per unit
    Features
    • Levels: Two
    • Stories: 2
    • Has view: Yes
    • View description: Mountain(s)
    • Frontage length: 50'-75' Frontage
    Lot
    • Size: 0.5 Acres
    Details
    • Parcel number: 450927110002
    • Zoning description: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Apartment
    • Attached to another structure: Yes
    Materials
    • Metal Siding
    • Foundation: Slab
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: City Sewer
    • Water: City Water
    • Utilities for property: Metered for Electricity

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Lake City

    Financial & listing details

    • Price per square foot: $160/sqft
    • Tax assessed value: $457,680
    • Annual tax amount: $4,946
    • Date on market: 4/2/2025
    • Listing terms: Cash,Conventional
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