60 Cascade Ave Alamosa, CO 81101
- Commercial real estate
- 3,490 SF
- 0.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 60 Cascade Ave
- Lot size
- 0.20 lot acres
- Property size
- 3,490 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a four-unit apartment building located at 60 Cascade Ave, Alamosa, CO 81101. The property, encompassing 3,490 square feet on a 0.2-acre lot, is a two-story building currently operating at 100% occupancy. Each of the four units is equipped with a washer and dryer, and the kitchens include dishwashers. The building features two two-bedroom units upstairs and two one-bedroom units downstairs, all recently updated. The asking price is $725,000, translating to $207.74 per square foot and $181,250 per unit. The property boasts a strong rental history and is conveniently located near Cole Park. A seller concession is available for exterior improvements or an interest rate buy-down. The property is owned as a corporation. An existing property manager is in place and willing to continue management post-sale, if desired by the new owner. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a vibrant Colorado community. Note that an adjacent single-family home at 62 Cascade Ave is also available for purchase, presenting a unique opportunity to acquire both properties.
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
- Alamosa
- County
- Alamosa
- State
- Colorado
- Longitude
- -105.8645573
- Latitude
- 37.474125
