$1,300,000

582 Spruce Drive

Bayfield CO, 81122

Description

Fully occupied, income-producing property located in the expanding market of Bayfield. Easy access to retail services and Bayfield public schools. This property has a consistent rental history and provides an investor with the combination of apartment and self-storage income all on one 0.91-acre parcel. Building exteriors have been recently repainted. Improvement Summary: 4-Plex Apartments Built in 1972 Avg Unit Size of 785 SF +/- (2 Bedroom/1 Bath Units) Tenants responsible for electricity 6 Plex Apartments Built in 1994 Avg Unit Size of 835 SF +/- (2 Bedroom/1 Bath Units) Tenants responsible for electricity Self-Storage Buildings Built in 1994 Avg Unit Size of 140 SF +/- (Unit Bay Depths of 20) Carport Structure Built in 1972 720 SF (Could continue to be utilized for covered parking or potentially converted to additional storage space) Smaller market assets of this type and consistency of income are a rarity. For additional details, financial information, or to schedule a qualified private showing, please contact Greg Liddle or Linda Wilkin. Co-brokers welcome. Note: Financial verification and Non Disclosure Agreement (Associated Docs) required to view financials and to schedule any showings. 48 hours notice required for showings.

Details

MLS#774287
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Days On Site12

Features

SQ Feet5,010
Story(s)2
Units30
ZoningCommercial/Residential

Market Activity 81122

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Area Information
StateCO
CountyLa Plata
CityBayfield
Zip Code81122
AreaBayfield In Town
Listing VS Median (in 81122)
Price:
$1,300,000
low | high
Med:
$299,000
100% of Average
SqFt:
5,010
low | high
Med:
0
100% of Average
$ / SqFt:
$259
low | high
Med:
$0
100% of Average
On Site:
12
low | high
Med:
31
38.709677419355% of Average
Listing Updated: 09/18/2020
Greg Liddle LogoMLS Number: 774287
Listing Provided By:
Greg Liddle  of  Hayden Outdoors

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