$699,000 $3,752 est/mo Sourced by Back At You

928 Ocean Wave Drive,Lake City, CO 81235

Lake City CO, 81235

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Description

Nestled in the picturesque town of Lake City, Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, 2 1-bedroom apartments, and 1 versatile commercial space, it presents a unique investment opportunity. Situated on a spacious .50-acre lot, there's ample room for expansion or additional development. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning district, just across from the scenic Lake Fork of the Gunnison River. Essential amenities including a grocery store, bakery, and gas station are within close proximity, while the historic downtown area of Lake City is just a short distance away. Presently, all apartments are leased on a flexible month-to-month basis, contributing to the property's stellar rental history characterized by long-term tenants. Priced competitively and primed for acquisition, seize the opportunity to explore this promising investment. Contact us today to schedule a viewing.

Details

MLS#812223
Listing TypeFor Sale
StyleTown House / Duplex
Sub-TypeResale
StatusActive
Year1983
Days On Site109
Listing Provided ByMurphy Real Estate | Michael Murphy

Features

Bath(s) 8 Total
SQ Feet3,750
Story(s)2
Units8
ZoningOther
Acreage0.50
Property ViewYes

Market Activity 81235

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Listings Checked: 23 minutes ago
StateCO
CountyHinsdale
CityLake City
Zip Code81235
AreaLake City
School DistrictLake City K-12
Elementary SchoolLake City K-12
Middle SchoolLake City K-12
High SchoolLake City K-12
Listing VS Median (in 81235)
Price:
$699,000
low | high
Med:
$777,000
38.841201716738% of Average
SqFt:
3,750
low | high
Med:
2,839
74.293333333333% of Average
$ / SqFt:
$186
low | high
Med:
$296
8.895715596155% of Average
On Site:
109
low | high
Med:
229.000000
47.598253275109% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 6:40:49 PM PDT