115 / 117 / 119 7th Ave - Apartments FOR SALE


Ouray, CO 81427
$2,400,000 USD
970-729-0720
115 / 117 / 119 7th Ave, Ouray, CO for Sale
$2,400,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

115 / 117 / 119 7th Ave
Ouray, CO 81427


HIGHLIGHTS

  • Rare RESIDENTIAL TRIPLEX with Short-Term Rental friendly Zoning
  • 3 legally distinct units for maximum rental and use flexibility
  • Pedestrian friendly downtown location just 2 blocks downhill of Main Street

OVERVIEW

MISSION ROCK TRIPLEX 115 7th Avenue 117 7th Avenue 119 7th Avenue Downtown Ouray, Colorado www.missionrockouray.com ——————————————- Three legally distinct residential units with STR licenses and no HOA dues arranged around a central courtyard on a gated corner lot in beautiful downtown Ouray. Two spacious 3 bedroom/2 bath units PLUS a charming historic (c.1900) stand-alone cottage with tons of original features and character. Flexible use scenarios exist for the new owner -- sell off individual units, rent the units in a variety of configurations, or keep the whole thing for a private compound. Pedestrian friendly location diagonally downhill across 7th Avenue from the historic Western Hotel and Saloon. Hiking trails, shops, restaurants and breweries are a short walk away. The Mission Rock triplex is one of the few properties for sale today in Ouray with zoning appropriate for short term rentals. Visit www.missionrockouray.com for a virtual tour of the insides. 117 7th Avenue (#2) -- Street-level 3 bed/2 bath/2070 s.f./225 s.f. storage. 119 7th Avenue (#1) -- Upper-level vaulted ceiling 3 bed/2 bath/1 loft/1454 s.f. 115 7th Avenue (#3) — Historic 1 bed/1 bath/1 loft/761 s.f. Gated 8200 s.f. corner lot with off-street parking. Offered at $2,400,000 — 4285 total livable square feet per Assessor ($560 per square foot). $560 per square foot is a tremendous value to be downtown in one of the most scenic old mining towns in the Rocky Mountain West. There’s nothing like the Mission Rock Triplex on the market in this region — please call/email/text to learn more. Jason K. Raible LIV Sotheby’s International Realty 970-729-0720 jay@telluride-colorado.com

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$488 USD /SF

# OF UNITS

3

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mission Rock Triplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,200 SF

ZONING

R-2

APN/PARCEL ID

R005603 / R005604 / R005605

ASK ABOUT THIS PROPERTY

Jason RaibleSotheby'sMore Info
970-729-0720

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Jason RaibleSotheby'sMore Info
970-729-0720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.