$2,800,000
$3,350,000
16.4%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
jonathan.boxer@christiesaspenre.com
600 East Hopkins Ave Suite 304, Aspen, Colorado, 81611, United States