722 W Jefferson St - Apartments FOR SALE


Trinidad, CO 81082
$875,000 USD
720-729-0551
722 W Jefferson St, Trinidad, CO for Sale
$875,000 USD
Apartments - FOR SALE
1/34
null | 9% Cap Rate

722 W Jefferson St
Trinidad, CO 81082


OVERVIEW

Investment Opportunity: Rare opportunity to acquire a 6-unit multifamily property with a versatile mix of long-term and short-term rental income. Each unit features 2 BR / 1 BA and comes fully furnished with updated appliances. Four of the units are being rented long-term at $1,200-$1,400/month, and two of the units are available as short-term vacation rentals. This structure provides flexibility to a new owner and limited management responsibilities. More units could be built on the large lot as well for additional upside. This is an ideal opportunity for investors seeking stable cash flow or 1031 exchange. Location Overview The Hidden Gem of Southeastern Colorado Situated between the shadows of the Spanish Peaks and Fisher’s Peak (the state’s newest and 2nd largest state park), Trinidad is the cultural, social, and economic capital of SE Colorado. With pristine outdoor views spanning mountains and plains, red brick-paved streets, preserved historical architecture, and a pace of life that is serene and slow, Trinidad offers something for everyone. Centrally located along the main route between Denver and Santa Fe.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

14389000

ASK ABOUT THIS PROPERTY

Jason StartariTransworld Commercial Real EstateMore Info
720-729-0551

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Jason StartariTransworld Commercial Real EstateMore Info
720-729-0551

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