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Home > For Sale > Apartment Buildings(5+ Units)
Listing ID: 7193
Two Rocky Mountain Income Properties $600000 For Sale We can finance it! Property Description Two Income Properties For Sale in Grand Lake, minutes from Rocky Mountain National Park. The two properties described below, if purchased together for $600,000, have a CAP rate of 8.42%. Tallaqua Square, Retail Unit 5: 1700SF commercial property located on the boardwalk in the heart of downtown Grand Lake, CO. Built in 2000, the Property has 2 levels. Each level has 800SF of retail space. The street level space has a lease until the end of 2011 securing your investment completely. The popular retail store would extend beyond if the new owner desired. The upper level is currently a gallery but could be anything you want. $279,000 gets you the best retail location in this great mountain community. Tallaqua Square, Unit 5, has an Annual Gross Rental Income of $22,329 and Expenses of $7,768 making Annual Net Income $14,561. Park Place Apartments, a six unit apartment complex: One 4BR house with private fenced yard, Three 2BR apartments, One studio apartment, One vintage cabin and a workshop and a decked courtyard. Conveniently located one block from the center of the mountain town of Grand Lake, Colorado. This apartment complex has a history of nearly 100% occupancy over the past 15 years. The apartments are fully occupied with each unit on a one year lease. One year extensions are offered as each lease comes up. Park Place Apartments for $399,000 has an Annual Gross Income of $46,320 at full occupancy with expenses of $10,390 making the Net Annual Income $35,930. For More Information: Lenny or Gail Brooks Phone: 719-539-2234 Contact Information Contact person: Lenny or Gail Brooks Seller type: Private Owner Owner Finance: No MLS: Phone: Log in to view Address: Log in to view City: Grand Lake State/Province: Zip/Postal Code: 80447 Country: User Listings: Show All Ads by this member Listing Information Type: Apartment Buildings Listing Status: For Sale Price: 600000 Bedrooms: 12 Bathrooms: 7 Stories: 2 Square Feet: 6000 Lot Size: multiple Age of Home: 2000 Additional Feature: Appliances: Electric Cooktop, Electric Oven/Range Benefits: Fireplace Planning to Sell or Buy a Home? Compare REALTORS® First. It's Fast and Free! Two Grand Lake Income Properties in heart of the Rocky Mountains