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485 Washington St Craig, CO 81625

For Sale
$1,400,000

12-Unit Building, Low Maintenance, High Returns

Property size:
11,040 SF

Description

Added:
Feb 3, 2025
Days on Market:
307
This exceptional 12-unit multi-family building, located at 485 Washington Street in Craig, Colorado, presents a compelling investment opportunity. Spanning 11,040 square feet on a 0.45-acre lot, this three-story building is in excellent condition and boasts numerous desirable features. The attractive exterior showcases accented windows, brick, slate, and tile accents, reflecting quality construction and curb appeal. Interior upgrades include modern kitchens, complete with all appliances. Each unit includes a convenient storage locker. Tenant comfort and convenience are maximized with central air conditioning, laundry facilities on each floor, and off-street parking. The building's low-maintenance design incorporates light sensor auto-lighting, heat-taped seamless gutters, and a French draining system, minimizing ongoing expenses. Residents enjoy stunning views of City Parades from their balconies and the added benefit of proximity to recreational amenities. A short walk takes residents to tennis courts, basketball courts, a wave pool, and the O P Bar & Grill. The building's central location and excellent condition have historically resulted in high occupancy rates, making this a truly attractive investment prospect. The previous owner's meticulous upkeep ensures a smooth transition for new ownership. This property offers a blend of attractive features, low maintenance, and a prime location, promising strong returns for the discerning investor. The asking price is $1,400,000.

Property Features for 485 Washington St

General Information

Property type
Residential income properties
Square Feet
11,040 SF
Lot Size
19,602 SF

Building Details

Year Built
1975

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rmc apartments Apartment Complex

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Craig
County
Moffat
State
Colorado
Longitude
-107.5421
Latitude
40.51375

FAQs

What type of property is this?
Residential income property - 12-Unit Building, Low Maintenance, High Returns
Where is this residential income property located?
The property is located at 485 Washington St Craig, CO.
What is the asking price?
The asking price for this property is $1,400,000.
More about this property
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