114 West 6Th Street Leadville, CO 80461

$495,000  
5,160 Sq.Ft. On Site: 8 Days
10 Beds
11 Baths
Built: 1888
Over 9% Cap Rate! This 11 unit apartment complex offers excellent cash flow. Strong leases in place. Property includes outside courtyard area and a large parking lot. Conveniently located one block off Harrison in downtown Leadville. Walking distance to restaurants, the ice skating rink, skate park, dog park, and schools. Just 30 minutes from Copper Mountain, 45 minutes to Vail. Three units remodeled in 2018. (00, 4, & 5) New roof installed in 2008. New decking and railings added in 2018. Many new vinyl windows already installed and two more being installed this month! Unit 10 being remodeled in March! Rent roll attached to the listing. P & L provided with proof of funds and prequalification letter.
Status:Active
Property Type:Income
MLS #:8157042
Year Built:1888
Sq. Feet:5160
On Site:8 Days
Lot Size:0.27 Acres

Detailed Maps

Community Information

Address:114 West 6Th Street Leadville, CO 80461
County:Lake
Subdivision:Stevens & Leiter
Zip Code:80461
Condo:Lily B

School Information

School System:Lake County R-1
High School:Lake County
Middle School:Lake County
Elementary School:Pitts

Architecture

Bedrooms: 10
Bathrooms: 11
Year Built:1888
Style:Multi-Level
Construction Type: Wood Siding
Exterior Construction: Frame
Subfloor: Block Wall
Above Grade Sq. Ft.: 5160
Total Sq. Ft.: 5160
Finished Sq. Ft.: 5160
Total Offstreet Spaces: 12
Roofing Material: Composition Shingles

Features / Amenities

Total Sq. Ft.:5160
Interior Features: Built-Ins, Cable Available, Double Pane Windows, Internet Access (Wired), Remodeled, Walk-in Closets
Appliances: Dishwasher, Disposal, Dryer, Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven, Washer
Flooring: Carpet, Laminate, Vinyl/Linoleum
Measurement From: County Records
Exterior Features: Deck, Utility Shed
Heating: Forced Air, Wall Heater
Heat Fuel Type: Gas

Property Features

Lot Size: 0.27 Acres
Price Per Acre: $1833333.33
Lot Features: Professionally Managed
Lot Description: Near Public Transit, Near Ski Area
View: Mountain View
Road Surface: Paved Road
Fence: Yes
Zoning:TRANSITIONAL COMMERCIAL
Directions:Head south on Poplar Street towards East 10th. At Subway Restaurants, Poplar St turns right and becomes E 9th St. E 9th St turns left and becomes Harrison Ave. Turn right onto W 6th St. Property is on your right.

Tax and Financial Info

Financial Considerations: 1031 Exchange, Income History Available, Tenant Occupied
Property Taxes: $1808.00
Tax Year: 2017
Insurance Expense: $2,000
Actual Annual Expense: $33024
Projected Annual Expense: $33024
Actual Annual Income: $77963
Projected Annual Income: $77963
Actual Annual Net Income: $44939

Listing Office

Listing provided courtesy of Independence Realty & Property Management.

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Listing Information Last Updated 2/18/2019
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Property Summary:
Home for sale at .

Description: The home at 114 West 6th Street Leadville, CO 80461 with the MLS Number 8157042 is currently listed at $495,000 and has been on the Leadville market for 7 days.

GeoCoordinates:
-106.292676
39.248802

List Price: $495,000

You are viewing the MLS property details of the home for sale at 114 West 6th Street Leadville, CO 80461, which is located in the Stevens & Leiter subdivision, includes 10 bedrooms and 11 bathrooms, and has approximately 5160 sq.ft. of living area.