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1140 Lincoln St 8 Unit Apartment Building $1,474,800 ($184,350/Unit) Norwood, CO 81423
Investment Highlights
- Strong rental history and consistent income performance
- Increasingly desirable market with continued regional growth and housing demand.
- Turnkey property is ready to go while still offering future upside and investment potential
Executive Summary
Exceptional mixed-use investment opportunity in a growing community serving as a desirable bedroom community to Telluride. This income-producing property features 2 commercial spaces and 6 residential units across two buildings, including a separate 3-bedroom, 1-bath home. The main building offers five rental units plus two commercial spaces, creating a diverse and stable income stream. Ample parking, on-site laundry facilities, and additional storage. With a strong rental history and consistent income performance, this turnkey property is ready to go while still offering future upside and investment potential in an increasingly desirable market with continued regional growth and housing demand.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,931
|
$0.83
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,931
|
$0.83
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $4,931 |
| Annual Per SF | $0.83 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,931 |
| Annual Per SF | $0.83 |
Property Facts
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 560 - 932 |
| 1+1 | 1 | - | 603 |
| 3+1 | 1 | - | 675 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2010213606 | Total Assessment | $57,490 |
| Land Assessment | $23,360 | Annual Taxes | $4,931 ($0.83/SF) |
| Improvements Assessment | $34,130 | Tax Year | 2025 |
Property Taxes
Parcel Number
2010213606
Land Assessment
$23,360
Improvements Assessment
$34,130
Total Assessment
$57,490
Annual Taxes
$4,931 ($0.83/SF)
Tax Year
2025
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