Historic Multifamily Apartment
232 Main Street Ouray, CO 81427
232 Main Street, Ouray, CO, 81427
$1,695,000
For Sale
$1,695,000
Historic 1888 building remodeled in 2019 with five turnkey 1-bedroom apartments, full kitchens, and furnished units.
Property Size3,408 SF
Price / SF$497.36
Days on Market34
Property Features for 232 Main Street
General Information
- Standard status
- Active
- Size
- 3,408 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1888
Listing Agency
Wild West Realty, LLC
(970) 318-6740
Listed by
Lee Ann Parden
(970) 318-6740
Source
Exitrealty
Added: Jun 18 Updated: Jul 20 at 4:54 am Checked: Jul 20 at 4:54 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wild West Realty, LLC
Investment Insights
Based on property information with market context.
This historic apartment building was originally built in 1888 and remodeled from top to bottom in 2019. It offers five separate turnkey 1-bedroom, 1-bath apartments, each with a full kitchen and furnished for immediate operation.
The property is directly on Main Street in Ouray, Colorado, with an easy walking distance to restaurants, shops, hot springs, hiking trails, and local attractions including the Via Ferrata and Ice Climbing Park. Guests can also enjoy an expansive upper balcony.
Additional improvements include a detached two-car garage with large storage area above, along with abundant off-street guest parking behind the building. The current reservations and future bookings can transfer to the new owner, providing income from day one. The property is also stated to be not subject to City of Ouray short-term rental permit requirements, STR taxes, or related operational guidelines due to its zoning and tax classification. The remarks cite a 6.6% CAP Rate for this offering.
The property is directly on Main Street in Ouray, Colorado, with an easy walking distance to restaurants, shops, hot springs, hiking trails, and local attractions including the Via Ferrata and Ice Climbing Park. Guests can also enjoy an expansive upper balcony.
Additional improvements include a detached two-car garage with large storage area above, along with abundant off-street guest parking behind the building. The current reservations and future bookings can transfer to the new owner, providing income from day one. The property is also stated to be not subject to City of Ouray short-term rental permit requirements, STR taxes, or related operational guidelines due to its zoning and tax classification. The remarks cite a 6.6% CAP Rate for this offering.
Key Highlights
- Historic building built in 1888, remodeled from top to bottom in 2019
- Five separate turnkey 1‑bedroom, 1‑bath apartments, each with a full kitchen and furnished for immediate operation
- Two‑car detached garage with large storage area above
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Apartment building - Historic 1888 building remodeled in 2019 with five turnkey 1-bedroom apartments, full kitchens, and furnished units.
Where is this apartment building located?
The property is located at 232 Main Street Ouray, CO.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Historic building built in 1888, remodeled from top to bottom in 2019; Five separate turnkey 1‑bedroom, 1‑bath apartments, each with a full kitchen and furnished for immediate operation; Two‑car detached garage with large storage area above
