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Westcliffe Apartments 402 3rd St 4 Unit Apartment Building $495,000 ($123,750/Unit) Westcliffe, CO 81252
Executive Summary
Remarkable four-unit apartment building in the heart of Westcliffe, Colorado, offering 3,220 sq ft of upgraded space. Ideal for investors seeking short-term or long-term rental opportunities. Enjoy scenic views of the Sangre de Cristo Mountains and proximity to local amenities and outdoor recreation.
RARE COMMERCIAL APARTMENT OPPORTUNITY
CALLING ALL INVESTORS YOUNG AND OLD...AND ALL THOSE IN BETWEEN! GREAT SHORT-TERM OR LONG-TERM RENTALS!
Four-unit apartment building located in the heart of Westcliffe, Colorado. The entire building is 3,220 sq ft. and has several upgrades!
Land
The Apartments are conveniently located within walking distance to the grocery store, several coffee shops, and restaurants, post office, medical clinic, and located across the street from the park which is a great place for family picnics or just an afternoon out with friends. Enjoy beautiful grass landscaping around the building with relaxing views of the Sangre de Cristo Mountains.
Additionally, this building would pay for itself and still allow an interested party to live in one of the apartments… so kind of like free rent while building your investment portfolio.
Improvements
Units are described as follows:
Unit 1-2 located on the 2nd and 3rd floors. It is a 2BR/2BA with a W/D and partially furnished, 1050 sq ft.
Unit 3 is located in the basement. It has a 2BR/1BA. It also has a covered porch area and a W/D, 775 sq ft.
Unit 4 is located on the 2nd floor. It has 2BR/1BA. It has a deck and W/D, 775 sq ft.
Unit 5 is located on the 3rd floor. It has 2BR/1BA, 584 sq ft.
There is a washer and dryer available for Unit 5 in the basement.
RARE COMMERCIAL APARTMENT OPPORTUNITY
CALLING ALL INVESTORS YOUNG AND OLD...AND ALL THOSE IN BETWEEN! GREAT SHORT-TERM OR LONG-TERM RENTALS!
Four-unit apartment building located in the heart of Westcliffe, Colorado. The entire building is 3,220 sq ft. and has several upgrades!
Land
The Apartments are conveniently located within walking distance to the grocery store, several coffee shops, and restaurants, post office, medical clinic, and located across the street from the park which is a great place for family picnics or just an afternoon out with friends. Enjoy beautiful grass landscaping around the building with relaxing views of the Sangre de Cristo Mountains.
Additionally, this building would pay for itself and still allow an interested party to live in one of the apartments… so kind of like free rent while building your investment portfolio.
Improvements
Units are described as follows:
Unit 1-2 located on the 2nd and 3rd floors. It is a 2BR/2BA with a W/D and partially furnished, 1050 sq ft.
Unit 3 is located in the basement. It has a 2BR/1BA. It also has a covered porch area and a W/D, 775 sq ft.
Unit 4 is located on the 2nd floor. It has 2BR/1BA. It has a deck and W/D, 775 sq ft.
Unit 5 is located on the 3rd floor. It has 2BR/1BA, 584 sq ft.
There is a washer and dryer available for Unit 5 in the basement.
Property Facts
| Price | $495,000 | Apartment Style | Low-Rise |
| Price Per Unit | $123,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| No. Units | 4 | Building Size | 2,944 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $495,000 |
| Price Per Unit | $123,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,944 SF |
| No. Stories | 1 |
| Year Built | 1975 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 2+2 | 1 | - | - |
1 1
Property Taxes
| Parcel Number | 0010164300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $18,400 |
Property Taxes
Parcel Number
0010164300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,400
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Westcliffe Apartments | 402 3rd St
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