LOCATION: This prime property is located in South Fork, Colorado, on US Hwy 160. The lovely mountain town of South Fork offers shopping, restaurants, repairs, lumber yard, ATV dealers/rentals and small grocery store. DEEDED ACRES: There are two lots with approximately 1 acre M/L. EXTRA LOT: There is an extra lot adjoining west of the building that goes with the property. You can build apartments, another building or add-on utilizing this Lot. BUILDING: The Building is 4028 sq. ft. with an additional 718 sq. ft. Mezzanine area and is log & log siding with concrete sidewalks. The location has excellent visibility from U.S. Hwy 160, with a traffic count over 6,000 cars per day. There are two bathrooms, a kitchen, offices, loading/receiving door in the main rental where the Light House is located and each of the 3 remaining rentals have their own bathrooms. WATER AND SEWER: The property is served by a Well #40900-A. Sewer is on South Fork Water and Sanitation. RENTAL UNITS WITHIN BUILDING: There are currently 4 rental units within the building, but one more can be added by installing a doorway, which will close off part of a retail space currently used by owner. RENTS: All renters have signed a current one year lease and will be subject to a sale. Mountain Light House $1,800 per month. Small office $300 per month. Large office $500 per month. Additional retail space $600 per month. Total Rents = $3,200 per month. EXPENSES: Annual property tax = $5,112.40 for 2019. Utilities are approximately $300 per month and are pro-rated with the 4 renter's spaces. NOTE (This is an average, winter months are higher and summer months are very low.) Total estimated Utilities = $3,600 annually. Dumpster for Trash = $80 per month. TOTAL EXPENSES ESTIMATED: $9,672.40 (Utilities are divided among tenants each month.) TOTAL INCOME $38,400.00 ESTIMATED RECAP RATE OF 5.35% ANNUALLY.
Courtesy of Steffens and Company Realty Inc.
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Real Estate Company are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified. IDX Terms and Conditions