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194 Artesian Dr

Eldorado Springs, CO 80025
  • $2,563,000
  • STATUS: Closed
  • ON SITE: 185 Days
  • ID#: 938617
Sold - 10/22/2021
$2,563,000
SOLD - 10/22/2021
  • 3
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,386
    SQFT
  • $476
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Price adjustment on an extraordinary investment opportunity at the entrance of Eldorado Canyon State Park . This 12 unit multi-family property is situated above the iconic Eldorado Pool and steps away from world-class climbing in the State Park. The opportunities are endless with stone cabin bungalows and eclectic units tucked into the side of a hill. The property sits below a climbing backdrop, several of the units have million-dollar views, outdoor flagstone patios, and native vegetation. The water supply is from Eldorado Canyon's artesian spring. Amazing trails and wilderness just steps away into the park, minutes to downtown Pearl Street fine dining, and a quick commute to Denver. The property is fully leased with the opportunity to increase rents and financial performance. Unit breakdown is 5 studio units, 6 1-bedroom units, 1, 2-bedroom unit.

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© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kimberly Austin Properties | Keller Williams Integrity Real Estate. Data last updated: 2021-10-26T23:41:25.05.
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194 Artesian Dr Eldorado Springs, CO 80025

  • Price: $2,600,000
  • Status: Closed
  • Updated: 192 min ago
  • ID#: 938617
3
Beds
0
Baths
0
½ Baths
0.38
Acres
5,386
SQFT
$476
$/SQFT
1925
Built
Neighborhood:
Moffat Lakes
County:
Boulder
Area:
06 Suburban Mountains
Elementary School:
Mesa
Middle School:
Southern Hills
High School:
Fairview
School District:
Boulder Valley Dist Re2
Property Description
Price adjustment on an extraordinary investment opportunity at the entrance of Eldorado Canyon State Park . This 12 unit multi-family property is situated above the iconic Eldorado Pool and steps away from world-class climbing in the State Park. The opportunities are endless with stone cabin bungalows and eclectic units tucked into the side of a hill. The property sits below a climbing backdrop, several of the units have million-dollar views, outdoor flagstone patios, and native vegetation. The water supply is from Eldorado Canyon's artesian spring. Amazing trails and wilderness just steps away into the park, minutes to downtown Pearl Street fine dining, and a quick commute to Denver. The property is fully leased with the opportunity to increase rents and financial performance. Unit breakdown is 5 studio units, 6 1-bedroom units, 1, 2-bedroom unit.
Exterior Features

Architectural Style Cabin Construction Materials Moss Rock Horse YN No Levels 5 Or More Lot Features SlopedRock Outcropping Other Parking Parking Per Unit(1 Space/Unit) Patio And Porch Features Patio Property Attached YN No Road Surface Type Gravel Roof Composition Spa YN No View Mountain(S) Waterfront YN No

Interior Features

Appliances Electric Range/OvenRefrigeratorAll Appliances Basement None Heating Radiator Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 0 Unit1 Total Baths 1 Unit2 Bedrooms 1 Unit2 Total Baths 1 Unit3 Bedrooms 2 Unit3 Total Baths 1

Property Features

Association YN No Cap Rate 5.08 Electric ElectricXcel Exclusions Tenant's Belonging. Gross Income 184809 Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Eldorado Springs Net Operating Income 132080 New Construction YN No Operating Expense 52729 Possible Use Single FamilyMulti-Family Property Condition Not NewPreviously Owned Senior Community YN No Tax Annual Amount 18907 Tax Year 2020 Tenant Pays None Utilities Electricity AvailablePropane Water Source District WaterEldorado Artesian Zoning Er

Listing information © 2021 Information and Real Estate Services
Listing provided courtesy of Monica Vanmatre of Re/Max Alliance On Walnut.



© 2021 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kimberly Austin Properties | Keller Williams Integrity Real Estate. Data last updated: 2021-10-26T23:41:25.05.
 
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Kimberly Austin Properties | Keller Williams Integrity Real Estate
50 South Steele Street, Suite 700
Denver CO, 80209