201 South 1St St Johnstown, CO 80534
- Multifamily properties
- 15,996 SF
Current Use by Public Records
- Multifamily properties
Property Details for 201 South 1St St
- Year built
- 1920
- Property size
- 15,996 SF
- Property type
- Multifamily properties
Description
This exceptional 13-unit multi-family property, located at 201 E South 1st Street in the heart of downtown Johnstown, Colorado, presents a compelling investment opportunity. The building boasts a diverse unit mix, including four one-bedroom/one-bathroom units, six two-bedroom/one-bathroom units, and three three-bedroom/one-bathroom units, totaling 15,996 square feet. This turn-key asset is in excellent condition and benefits from recent significant upgrades, minimizing the need for immediate capital expenditures. Recent improvements include a new roof and gutters (2017), two new high-efficiency boilers with water storage tanks (2021), updated electrical panels in most units, fresh exterior paint (2023), and updated landscaping (2024). Twelve of the thirteen units have undergone full renovations. The property also features thirteen convenient surface parking spots and additional income-generating large storage units in the basement. Its prime downtown location offers residents easy access to a variety of restaurants and retail stores. With a proven track record of strong occupancy rates and stable rental income, this property is ideally positioned for continued cash flow generation and long-term appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multi-family investment in a thriving Colorado community.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Johnstown
- County
- Weld
- State
- Colorado
- Longitude
- -104.904
- Latitude
- 40.3348
