928 Ocean Wave Drive Lake City, CO 81235

Building Details

Year Built

1983

Listing agency Murphy Real Estate m***@murphy-realestate.com Show Phone

Listed by Michael Murphy · License #ER100003731 Show Phone

Source Compass

Added: Apr 4, 2024 Updated: Jul 22 at 9:35PM Checked: Jul 22 at 9:35PM

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Investment Insights

Based on property information with market context.

This apartment building in Lake City, Colorado includes 5 studio apartments and 3 one-bedroom apartments. The property sits on a 0.50-acre lot and is currently fully leased with tenants on month-to-month terms.

Convenient access is provided from State Highway 149, and the property is located in the General Business zoning district, across from the Lake Fork of the Gunnison River. Nearby amenities include a grocery store, bakery, and gas station, with historic downtown Lake City just a short distance away.

At present, the building’s unit mix provides straightforward rental income with all apartments occupied under month-to-month leasing.

Key Highlights

• Apartment building with 5 studio units and 3 one‑bedroom units
• Located on a 0.50‑acre lot in the General Business zoning district
• All apartments are leased on flexible month‑to‑month basis

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FAQs

What type of property is this?

Apartment building - Apartment building with 5 studios and 3 one-bed units on a half-acre lot in General Business zoning.

Where is this apartment building located?

The property is located at 928 Ocean Wave Drive Lake City, CO.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Apartment building with 5 studio units and 3 one‑bedroom units; Located on a 0.50‑acre lot in the General Business zoning district; All apartments are leased on flexible month‑to‑month basis