485 Washington St Craig, CO 81625
- Multifamily properties
- 11,040 SF
- 0.45 lot acres
Current Use by Public Records
- Rmc apartments / Apartment Complex
Property Details for 485 Washington St
- Year built
- 1975
- Lot size
- 0.45 lot acres
- Property size
- 11,040 SF
- Property type
- Multifamily properties
Description
This exceptional 12-unit multi-family building, located at 485 Washington Street in Craig, Colorado, presents a compelling investment opportunity. Spanning 11,040 square feet on a 0.45-acre lot, this three-story building is in excellent condition and boasts numerous desirable features. The attractive exterior showcases accented windows, brick, slate, and tile accents, reflecting quality construction and curb appeal. Interior upgrades include modern kitchens, complete with all appliances. Each unit includes a convenient storage locker. Tenant comfort and convenience are maximized with central air conditioning, laundry facilities on each floor, and off-street parking. The building's low-maintenance design incorporates light sensor auto-lighting, heat-taped seamless gutters, and a French draining system, minimizing ongoing expenses. Residents enjoy stunning views of City Parades from their balconies and the added benefit of proximity to recreational amenities. A short walk takes residents to tennis courts, basketball courts, a wave pool, and the O P Bar & Grill. The building's central location and excellent condition have historically resulted in high occupancy rates, making this a truly attractive investment prospect. The previous owner's meticulous upkeep ensures a smooth transition for new ownership. This property offers a blend of attractive features, low maintenance, and a prime location, promising strong returns for the discerning investor. The asking price is $1,400,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Craig
- County
- Moffat
- State
- Colorado
- Longitude
- -107.5421
- Latitude
- 40.51375
