1425 Atchison Ave Trinidad, CO 81082
24-unit multifamily property near downtown Trinidad, Colorado.
Type:Multifamily
Property size:
26,000 SFLot size:
1.70 AcresPrice / SF:
$107/SF- Added:
- Nov 19, 2024
- Days on Market:
- 522
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1425 Atchison Ave
General Information
- Standard status
- Active
- Size
- 26,000 SF
- Lot size
- 1.70 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1995
Listing agent Holly Trinidad License #CO ER.100022369
Listing office Hoff & Leigh Colorado Springs
Listing date Nov 19, 2024
Source Crexi
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 Hoff & Leigh Colorado Springs
Overview
Evergreen Apartments: Trinidad Multifamily Investment
The Evergreen Apartments, a 24-unit multifamily property, is located just west of downtown Trinidad, Colorado. Constructed in 1995, this well-maintained complex comprises three buildings on 1.7 acres, offering expansive 360-degree mountain views. Recent capital improvements include a modern steel handrail system and a new roof installed in 2022. The property features 24 apartments, including 10 two-bedroom units (1,000 square feet each) and 14 three-bedroom units (1,200 square feet each). The current gross monthly rent is $32,189. The property is positioned for investors seeking current income and long-term capital appreciation. There is an assumable loan in the amount of $1,500,000 at 3.87% interest rate. Annual property taxes are $8,000 and the annual property insurance premium is $28,000. The property is an immediate 8.00% cap rate with the ability to raise rents by converting units to service shorter term “Workforce Housing."
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Trinidad
- County
- Las Animas
- State
- Colorado
- Longitude
- -104.527061
- Latitude
- 37.169456
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 24-unit multifamily property near downtown Trinidad, Colorado.
Where is this apartment building located?
The property is located at 1425 Atchison Ave Trinidad, CO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Immediate 8.00% cap rate provides current income.; Opportunity to increase rents by converting units to short‑term "Workforce Housing."; Assumable loan of $1,500,000 at a low 3.87% interest rate.
