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.
Active
$600,000
928 Ocean Wave Drive, Lake City, CO 81235
--beds
3,750sqft
Est.:
Apartment
Built in 1983
-- sqft lot
$-- Zestimate®
$160/sqft
$-- HOA
What's special
- 24 days
- on Zillow |
- 189 |
- 11 |
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#: 812223

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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