Glenwood Springs, CO 81601,702 MIDLAND Avenue Units #1-14
Glenwood Springs, CO 81601,702 MIDLAND Avenue Units #1-14
Glenwood Springs, CO 81601,702 MIDLAND Avenue Units #1-14
Glenwood Springs, CO 81601,702 MIDLAND Avenue Units #1-14
Glenwood Springs, CO 81601,702 MIDLAND Avenue Units #1-14
Glenwood Springs, CO 81601,702 MIDLAND Avenue Units #1-14
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$2,800,000

$3,350,000

16.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

27 Beds

14 Baths

15,245 SqFt


SOLD DATE : 03/15/2024

Key Details

Sold Price $2,800,000

Property Type Single Family Home

Sub Type Residential Income

Listing Status Sold

Purchase Type For Sale

Square Footage 15,245 sqft

Price per Sqft $183

Subdivision Midland

MLS Listing ID 181623

Sold Date 03/15/24

Bedrooms 27

Full Baths 14

HOA Y/N Yes

Originating Board Aspen Glenwood MLS

Year Built 1965

Annual Tax Amount $11,628

Tax Year 2022

Lot Size 1.086 Acres

Acres 1.09

Property Description

**Exceptional Investment Opportunity at Toboggan Creek Apartments**

Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces.

**Diverse Unit Composition:**
Toboggan Creek Apartments cater to a wide range of housing needs with:
- (2) One-bedroom one level layouts
- (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck
- (3) Two-bedroom one level layouts, including one with an outdoor deck
- (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection.

**Abundant Living Space:**
Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors.

**Scenic Location with Convenient Access:**
Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails.

**Lucrative Investment Potential:**
Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors.

**Contracts and Viewing:**
- **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration.

For comprehensive details or to arrange a private tour, please contact our dedicated listing agent.

Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution.

Location

State CO

County Garfield

Community Midland

Area Glenwood Springs

Zoning Residential-High Den

Direction From Midland Avenue turn into Toboggan Creek Apartments

Interior

Heating Hot Water, Natural Gas, Forced Air

Cooling None

Exterior

Parking Features Assigned

Utilities Available Natural Gas Available, Electricity Not Available

Roof Type Membrane

Building

Lot Description Landscaped

Foundation Slab

Water Public

Architectural Style Two Story, Ranch

New Construction No

Others

Tax ID 218509300005

Acceptable Financing New Loan, Cash

Listing Terms New Loan, Cash

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Aspen Glenwood Springs MLS (AGSMLS)
Listed by Crystal Property Mgmt & Sales
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 948-4802

jonathan.boxer@christiesaspenre.com

600 East Hopkins Ave Suite 304, Aspen, Colorado, 81611, United States

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