60 Cascade Ave - Apartments FOR SALE


Alamosa, CO 81101
$717,777 USD
719-588-1636
60 Cascade Ave, Alamosa, CO for Sale
$717,777 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

60 Cascade Ave
Alamosa, CO 81101


HIGHLIGHTS

  • Shared Yard
  • Near River & nature trails
  • Recently updated

OVERVIEW

Calling all Investors! Own a piece of Alamosa's vibrant cultural scene with this completely updated 4-unit apartment building. This turnkey property boasts a robust rental history in a convenient location near Cole Park and Cattails Golf Course. Seller is offering a 20,000 Seller Concessions for exterior or other improvements and 6-month lease & property management included if the Contract to Buy is executed prior to 12/31/2024. Concession is contingent upon the Buyer purchasing 60 & 62 Cascade Ave. Upstairs there are 2-bedroom units and comfortable 1-bedroom apartments on the lower floor, all featuring a refresh. The kitchen has all the basic appliances and a dishwasher included for tenant convenience. No need to make trips to the laundromat, there is a washer and dryer in each apartment. Bonus! Seller concession available for exterior improvements or interest rate buy down. Inquire for details. Double The Opportunity! The adjacent property at 62 Cascade Ave, a single family 4 bedroom, 2 bath home, is also available. This presents a unique chance to capitalize on Alamosa's booming market with both the apartment building and the adjacent home. Beyond the property, Alamosa offers a unique blend of small-town charm and outdoor adventure. Recently named USA Today's Reader's Choice Winner for Best Small Town Cultural Scene, the area boasts a thriving arts scene, exciting events, and a rich heritage. Investors will further appreciate Alamosa's growing popularity as a tourist destination, with easy access to Great Sand Dunes National Park and a variety of outdoor adventures. Don't miss out on this income-generating gem! Schedule a showing today.

FOR SALE DETAILS

PRICE

$717,777 USD

PRICE/SF

$208 USD /SF

# OF UNITS

4

PRICE/UNIT

$179,444

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cascade Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

541303402067

ASK ABOUT THIS PROPERTY

Linette Nye SchmidtExit Silver Thread RealtyMore Info
719-588-1636

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Linette Nye SchmidtExit Silver Thread RealtyMore Info
719-588-1636

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