201 E South 1st St - Apartments FOR SALE


Johnstown, CO 80534
$2,400,000 USD
303-962-9566
201 E South 1st St, Johnstown, CO for Sale
$2,400,000 USD
Apartments - FOR SALE
1/48
null | 6.58% Cap Rate

201 E South 1st St
Johnstown, CO 80534


HIGHLIGHTS

  • Turn-Key Asset with 12 out of 13 units fully renovated
  • Updated Windows, Two New High-Efficiency Boilers with Water Storage Tanks (2021), New Exterior Paint (2023) and Landscaping (2024)
  • 13 Surface Parking Spots
  • In the Heart of Downtown Johnstown with the Ability to Walk to Numerous Restaurant and Retail Stores
  • Large Storage Units in Basement that Currently Provide Additional Income

OVERVIEW

201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. These units feature a unique mix consisting of (4) 1Br/1Ba units, (6) 2Br/1Ba units, and (3) 3Br/1Ba units. This turn-key investment is in excellent condition and requires little to no capital injection. Current ownership has updated the majority of the electrical panels in the units, installed a new roof and gutters (2017), and recently installed a new boiler. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

13

PRICE/UNIT

$184,615

CAP RATE

6.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Johnstown Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

CB,Johnstown

APN/PARCEL ID

105904304001

ASK ABOUT THIS PROPERTY

Chris KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9566

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Chris KnowltonPinnacle Real Estate AdvisorsMore Info
303-962-9566

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