28178 Knowles Rd - Apartments FOR SALE


Evergreen, CO 80439
$3,250,000 USD
303-591-4663
28178 Knowles Rd, Evergreen, CO for Sale
$3,250,000 USD
Apartments - FOR SALE
1/22
null | 3.8% Cap Rate

28178 Knowles Rd
Evergreen, CO 80439


OVERVIEW

RARE opportunity to purchase six contiguous properties, totaling 8 dwelling units on one street in downtown Evergreen, Colorado. Five single-family homes, a duplex, and a great little 1-bedroom cabin. So much upside! The Serial Flipper can have a ball with these. So much charm and Location, Location, Location! One block to Downtown Evergreen. Walk to the lake and lake house for concerts, paddleboarding, ice-skating, and New Year's fireworks. Restaurants, bars, and galleries galore. Trees, rock outcroppings, wildlife. Stroll to breakfast at the Wildflower or live music at the Little Bear. This is an ideal path to cash for someone needing to complete a large 1031 Exchange. With six separate properties, fully leased at this time, one could collect rents as-is and upgrade and sell them one per year or however fast or slow you wish to liquidate. These homes are in the absolute hottest price demographic in the foothills. AND the zoning is conducive to building Single Family townhomes or possibly condos. Many possibilities. If you drive by PLEASE do not disturb the tenants. BIG UPSIDE!

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$397 USD /SF

# OF UNITS

8

PRICE/UNIT

$406,250

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units/ 6 Properies/ 27957-28178 Knowles Rd

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,362 SF

ZONING

MR1

APN/PARCEL ID

51-101-04-026

ASK ABOUT THIS PROPERTY

KC ButlerLegacy 100 Real Estate PartnersMore Info
303-591-4663

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KC ButlerLegacy 100 Real Estate PartnersMore Info
303-591-4663

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