200 N 3rd St - Apartments FOR SALE


Victor, CO 80860
$745,000 USD
719-499-9394
200 N 3rd St, Victor, CO for Sale
$745,000 USD
Apartments - FOR SALE
1/42
null | 6.57% Cap Rate

200 N 3rd St
Victor, CO 80860


HIGHLIGHTS

  • 23 Storage Units 100% rented out with high demand for additional income plus Storage Yard that can be rented out for more income
  • Recently Updated Units, Strong Rental History. Owners used the main residence for personal use in 2022. Started air bnb in 2023
  • Unique property with built in antique platform scales, original safe, loading docks freight chute and other fun artifacts!
  • Great location in the heart of Historic Victor, walking distance to restaurants and shops and just moments away from Cripple Creek!

OVERVIEW

INCREDIBLE INVESTMENT OPPORTUNITY IN THE HEART OF HISTORIC VICTOR COLORADO! 23 Self Storage units are in HIGH DEMAND and rented out consistently with a waiting list. There is also a large workshop that could easily be converted to add a few more self storage units to your portfolio. The main building has been recently remodeled into 2 residential properties set up like a Duplex. The Main part of the property is currently a successful air bnb but could also be a great owner occuplied residence or a great rental with a large living room, cozy fireplace, kitchen, dining room, 2 bedrooms, 1 bath, 2 car attached garage with laundry, storage, and other flex spaces for an office, hobby area, exercise room, reading nook, etc. The lower unit is currently rented out as a 1 bed 1 bath with living, dining, kitchen, office area or family room. It has laundry hookups and features a large wraparound deck and parking in front of the building. The Thompson House is an old Miner’s Cabin that was dismantled from the Ajax mine and rebuilt here. Recent renovations include new electric, new metal roof and windows. This has a strong rental history with a long term tenant. The 75” x 125’ storage yard is fully fenced and until recently was rented out to a propane company to store tanks. It could make a great Boat & RV rental yard, or you could add more self storage units, etc. There are two 50 amp onad one 30 amp RV Hookups on the property. Unique features include built in antique platform scales, freight chutes and loading dock, original safe, peeled tree post supports & repurposed rough cut wood paneling and well as many historic antiques and artifacts.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

3

PRICE/UNIT

$248,333

CAP RATE

6.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

2

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C1

APN/PARCEL ID

5003.293070200

ASK ABOUT THIS PROPERTY

Lane MorrelleXp RealtyMore Info
719-499-9394

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Lane MorrelleXp RealtyMore Info
719-499-9394

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