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217 W Masonic Ave 10 Unit Apartment Building $750,000 ($75,000/Unit) 6% Cap Rate Cripple Creek, CO 80813
Executive Summary
Great opportunity to own a fourplex in the historic gaming town of Cripple Creek. Ideally located within walking distance to shops, restaurants, and casinos, this property offers both convenience and strong rental appeal. All units are currently occupied, providing immediate income for investors. With a cap rate of 6%, this is a solid investment opportunity in a desirable area. Call for more information or to schedule a showing.
Property Facts
| Price | $750,000 | Property Subtype | Apartment |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Building Size | 2,810 SF |
| Cap Rate | 6% | No. Stories | 1 |
| No. Units | 10 | Year Built | 1998 |
| Property Type | Multifamily |
| Price | $750,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 2,810 SF |
| No. Stories | 1 |
| Year Built | 1998 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,050 | 703 |
| 2+1 | 2 | $1,050 | 703 |
| 1+1 | 3 | $1,200 | 600 |
| 1+1 | 4 | $1,050 | 600 |
1 1
Somewhat walkable
20/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R0042101 | Improvements Assessment | $25,460 |
| Land Assessment | $2,090 | Total Assessment | $27,550 |
Property Taxes
Parcel Number
R0042101
Land Assessment
$2,090
Improvements Assessment
$25,460
Total Assessment
$27,550
Contact
-
Mike Slaback -
Your Neighborhood Realty Inc.
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217 W Masonic Ave
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