Homes for sale - 401 N Silver Street, Lake City, CO 81235

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Kelsey Loftis

kelseyloftis@gmail.com +1(970) 784-6768

$ 525,000

Est. payment | -/mo

9 Beds

7 Baths

4,015 SqFt

Save

$ 525,000

Est. payment | -/mo

Save

9 Beds

7 Baths

4,015 SqFt

Key Details

Property Type Multi-Family

Sub Type Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,015 sqft

Price per Sqft $130

MLS Listing ID 822616

Style Contemporary

Bedrooms 9

Full Baths 1

Three Quarter Bath 6

Year Built 1960

Annual Tax Amount $1,466

Tax Year 2024

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Sixplex

Property Description

Investment Opportunity awaits! If you're seeking a property with income potential nestled in one of Colorado's prime outdoor recreation destinations, look no further. The property at 401 N Silver St in Lake City, CO, is a unique offering comprised of six distinct rental units. Built in 1960, this multi-family property is perfect for investors aiming to capture rental income from a steady stream of outdoor enthusiasts and locals alike. This 4,015-square-foot building is divided into six units: one 3-bedroom unit with a 3/4 Bath on the main level and a 3/4 Bath upstairs, one 2-bedroom unit with a full bathroom, and four 1-bedroom units, each equipped with a 3/4 bathroom. The diversity in unit size offers flexibility for various tenant needs, appealing to different segments within the rental market. Situated in the heart of Lake City, this property's location is its standout feature. Lake City is renowned for its breathtaking scenery and wealth of outdoor activities. It's home to the Alpine Loop, a highly sought-after locale for hiking and off-road driving. In the winter many can be found enjoying the thrills of ice climbing in Lake City. Additionally, Lake San Cristobal, Colorado's second-largest natural lake, offers opportunities for boating, kayaking, paddle boarding, and ice fishing, drawing year-round tourism. These amenities make Lake City an attractive place for both short-term and long-term tenants, ensuring those units are not left vacant for long. Investors with a keen eye for potential rental income will not want to miss this property! Its location and structure offer a unique blend of small-town charm and modern convenience. Owning property in Lake City means tapping into a market that values its natural surroundings and outdoor amenities, thereby supporting always-in-demand rental real estate. This property offers potential for long-term growth and equity. It's a chance to invest in one of Colorado's hidden gems and secure a foothold in this picturesque community. For more information or to schedule a viewing, feel free to contact me directly.

Location

State CO

County Hinsdale

Zoning Residential Multi Family

Rooms

Basement Concrete

Dining Room Eat-in Kitchen

Interior

Flooring Carpet, Laminate

Inclusions Microwave, Range Top, Range/Oven, Refrigerator

Furnishings Unfurnished

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

View Mountains, Valley

Roof Type Metal

Building

Story Two Story

Foundation Concrete

Sewer City Sewer, City Water

Water City Sewer, City Water

New Construction No

Schools

Elementary Schools Lake City K-12

Middle Schools Lake City K-12

High Schools Lake City K-12

Colorado Real Estate Network (CREN) + Sold

Listed by Crystal Peak Properties

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

+1(970) 784-6768

kelseyloftis@gmail.com

PO Box 7053 Gunnison, CO 81230

401 N Silver Street Lake City, CO 81235