$1,050,000
$1,150,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
3,084 SqFt
SOLD DATE : 01/08/2025
Key Details
Sold Price $1,050,000
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $340
Subdivision Townsite Of Glenwood Springs
MLS Listing ID 185965
Sold Date 01/08/25
Bedrooms 5
Full Baths 2
Three Quarter Bath 2
HOA Y/N Yes
Originating Board Aspen Glenwood MLS
Year Built 1918
Annual Tax Amount $3,541
Tax Year 2023
Lot Size 8,537 Sqft
Acres 0.2
Property Description
This fantastic property has four dwelling units on one parcel located two blocks from downtown Glenwood Springs. The residences include a the main home that was originally built in 1919 and nicely renovated in 2004. The 2004 renovation included underpinning the foundation, a new kitchen and bathroom in the main house, finishing of a portion of the attic and addition of a mother in law apartment in the basement.
In addition to the main house, there are two cozy cabins on the property that were constructed in the early 1900s, periodically renovated, and occupied by long term tenants.
The parcel is a fantastic location approximately two blocks to downtown with mature trees and a beautifully fenced yard. One outbuilding includes laundry and storage for tenants and another has mechanical.
Monthly gross rental income is $7400 for all four units. Landlord pays water/sewer/trash and gas for main house and tenants pay all other utilities.
Location
State CO
County Garfield
Community Townsite Of Glenwood Springs
Area Glenwood Springs
Zoning Residential
Direction Property is on the southeast corner of 7th and Bennett
Interior
Heating Radiant, Forced Air, Electric
Cooling None
Exterior
Parking Features Common
Utilities Available Natural Gas Available
Roof Type Composition
Garage No
Building
Water Public
Architectural Style Two Story
New Construction No
Others
Tax ID 218509102022
Acceptable Financing New Loan, Cash
Listing Terms New Loan, Cash
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