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Jacque Wachob
Southern Colorado Real Estate Brokers, LLC
6766 Highway 165 West
P.O. Box 19607
Colorado City CO 81019
719-676-4477 Office
719-252-2417 (M)
719-2521457 (TF)
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Listing Details
MLS Number: 183769
Property Type: Fourplex
Area: Southwest County
List Price: $325,000
Street Number: 4381
Address: Val Verde Way
City: Colorado City
State: CO
Zip Code: 81019
Bedrooms: 7
Baths: 4
Style: Two Story
Parking/Garage: No Garage, On Site Parking
Basement/Substructure: No Basement, Slab
Apx Ttl Bldg SqFt: 3254
Apx Year Built: 1971
Lot Dimensions: 72x230
Zoning: R-5
Taxes: 1823.75
Prior Tax Year: 2019
Unit 1 Bdrms: 2
Unit 1 Baths: F
Unit 1 Garage: N
Unit 2 Bdrms: 2
Unit 2 Baths: F
Unit 2 Garage: N
Unit 3 Bdrms: 2
Unit 3 Baths: F
Unit 3 Garage: N
Unit 4 Bdrms: 1
Unit 4 Baths: T
Unit 4 Garage: N
Unit 5 Bdrms: 0
Unit 5 Baths:  
Unit 5 Garage:  
Unit 6 Bdrms: 0
Unit 6 Baths:  
Unit 6 Garage:  
Unit 7 Bdrms: 0
Unit 7 Baths:  
Unit 7 Garage:  
Unit 8 Bdrms: 0
Unit 8 Baths:  
Unit 8 Garage:  
Public Remarks: Income Generating Property located in the heart of Colorado City. Short walking distance to stores. Can be rented out as 4 apartments (3 units with 2 bedrooms/1 bath, 4th unit with 1 bed/1 bath) OR Can be rented out as 3 apartments (2 units with 2 bedrooms/1 bath, 3rd unit with 3 bed/2 baths). All units have refrigerators and electric range. Units 2 & 4 have washer/dryer hookup. Units 1&4 utilities are connected, so unit 1 rent includes utilities Currently on propane, but natural gas is at the street. Roof is 3 to 4 years old. 2 Storage Buildings. Some units have new vinyl flooring. Room on this lot to build another unit, and owners are also selling contiguous vacant multihousing lot on which additional units could be built. The astute and savvy entrepreneur can purchase this and begin building his/her empire. Or you might take the simple approach - buy this, live in one unit, and have the rent from the other tenants pay your monthly mortgage. Either way, this is a great property to own.
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