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    921 Mount Massive Dr Leadville, CO 80461

    For Sale
    $2,360,000

    Seven-unit townhome complex, prime location

    Property size:
    912 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional investment opportunity presents a seven-unit townhome complex ideally situated in the heart of Leadville, Colorado. The property boasts a prime location, offering convenient access to downtown shopping, dining, and the paved Mineral Belt recreational trail. The complex comprises a mix of seven units: three units are offered "as-is," presenting potential for value-add renovations, while four units have undergone complete remodeling. These renovated units showcase contemporary finishes, including vinyl flooring on the main level, Shaker-style cabinetry, quartz countertops, updated appliances, new trim and doors, tiled bathrooms, fresh paint and textured walls, and new carpeting. Each of the seven units features two bedrooms, one full bathroom, and two covered decks with composite decking. Adding to the appeal, each unit also includes a private fenced-in rear patio and three designated parking spaces. The property's location provides easy access to popular mountain destinations, with Copper Mountain just 25 minutes away, and Vail and Breckenridge within a 35-mile radius. This turnkey investment offers a compelling blend of immediate income potential and significant upside through further development of the "as-is" units. The total square footage is 912 square feet. The property is situated on a 0-acre lot. This is a rare opportunity to acquire a well-located multi-family property in a thriving mountain community.

    Property Features for 921 Mount Massive Dr

    General Information

    Property type
    Residential income properties
    Square Feet
    912 SF

    Building Details

    Year Built
    1962
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Leadville
    County
    Lake
    State
    Colorado
    Longitude
    -106.2993
    Latitude
    39.25093

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    FAQs

    What type of property is this?
    Residential income property - Seven-unit townhome complex, prime location
    Where is this residential income property located?
    The property is located at 921 Mount Massive Dr Leadville, CO.
    What is the asking price?
    The asking price for this property is $2,360,000.
    (719) 293-0082
    Request Owner's contact information
    921 Mount Massive Dr Leadville, CO 80461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    921 Mount Massive Dr Leadville, CO 80461
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