317 E 4th Street #A, Salida, CO 81201

sale $1,500,000 | Commercial-Other

Listed By CENTURY 21 Community First

Here is a great rental property investment opportunity in downtown Salida! The Historic, brick, 6 plex on Fourth Street houses (4) studio apartments and (2) 2 bedroom apartments, all with 1 bath. The detached Bungalow on the alley has 3 bedrooms, with a bonus room, 1 bath, and an attached carport. Shared yard with a storage building in between the buildings. All units include range and refrigerator. The units vary in floor plan and degree of recent updates. South facing windows provide good natural lighting. Sellers pay gas, trash, and water, tenants pay electric. Nice, peaceful, residential neighborhood location only a block from Alpine Park and 3 blocks from Historic Downtown Salida. Rents have been reasonably maintained to accommodate many long term tenants. Income, Cap Rate, and status of occupied units may change by time of a purchase contract. These properties don't become available often in Salida. Make it yours today!

Property Features

Additional MLS: 6954970
Age: Over 50 Years Old
Building Area: 5596.00 SF
Cooling: No A/C
Cross Docks: N
Expenses: 25144.00
Exterior Description: Brick
Exterior Description: Wood Frame
For Auction: N
Full Bathrooms: 7
Garage Description: Carport
Gross Income: 70900.00
Lot Size Desc: Under 1/2 Acre
Lot Size In Text: 4688 Sq. Ft.
MLSID: 6954970
Net Operating Income: 45756.00
Parking Places: 2
Price Upon Request: N
Property Use: Owner Occupied
Road Type: City / Town Street
Roof: Metal Roof
Roof: Rubber
Sewer: Public
Style: Bungalow
Sublease: N
Tax Year: 2023
Taxes: $2812.00
Total Units: 7
Water: City Water
Year Built: 1920
Zoning: R4

CENTURY 21 Community First

p: 719-539-6682

7385 W Hwy 50

Salida, CO 81201

317 E 4th Street #A, Salida, CO 81201

Property Features

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