121 4th St Leadville, CO 80461-3607
This exceptional Leadville property, located at 121 W 4th Street Unit 121, presents a unique investment opportunity. Situated on a sizable 0.21-acre lot encompassing three city lots, this versatile building offers significant potential. Its zoning as transitional residential allows for flexible use, accommodating both commercial and residential purposes, or a combination of both. The structure itself boasts a solid concrete foundation and has undergone a recent, comprehensive remodel. Improvements include new insulation, drywall, and paint throughout, ensuring a fresh and modern interior. The plumbing system is also entirely new. The heart of the home is a beautifully updated, open-concept kitchen, perfect for modern living or commercial use. The property's meticulous upkeep is evident throughout, showcasing the owner's dedication to maintaining its high quality. A spacious living room greets you upon entry, providing an inviting atmosphere. The layout includes three bedrooms and one full bathroom, offering ample space for various needs. This property's prime location, combined with its flexible zoning and recent renovations, makes it an ideal investment for discerning buyers seeking a versatile and well-maintained commercial or mixed-use space in the vibrant city of Leadville, Colorado. The asking price is $625,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
TR · Leadville, COLeadville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.