119 N Fourth Street

    Victor, CO 80860
    • $425,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 5383139
    UPDATED: 68 min ago
    $425,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1899
    County:
    Area:

    School Ratings & Info

    School District:
    Listing provided courtesy of Prestige Realty Group Llc.

    Description

    One of a kind property--Victorian Brick exterior structure gutted in 1991 and rebuilt with updated electrical, plumbing, etc. Each unit was completed as a stand-along unit with the long-term intention of creating a Condominium HOA for common maintenance and selling each unit individually. Property is considered a 6-plex but is on 3 lots and the City of Victor could be petitioned to separate each building onto it's own lot for 3 duplex properties--new buyer would need to pay for sewer/water taps for 2 "extra" buildings. Fabulous features such as old advertisements on the Victorian brick walls, architectural elements from famous hotels in the area, etc., along with classy and timeless updates that make this 6-plex unique for the area and could easily pass for downtown Colorado Springs or River North in Denver. Supplemental Documents include hand-written notes on property history, etc. Pictures don't do this property justice...must see! Low maintenance, 100% occupancy, longevity of occupancy, and applicants in waiting. Owner absent much of the time and valued longevity over income; Rents can easily be upwardly adjusted. Seller willing to finance for 30% down for up to 5 years. Historically 100% occupancy AND more growth in progress in Cripple Creek Casinos and steady employment with local mining presence. Property pricing reflects some minor maintenance/repairs anticipated.

    Monthly Payment Calculator



    Jason Daniels & Associates at RE/MAX Millennium- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2019-11-14T16:40:58.517.
    www.coloradospringstophomes.com/homes/100448777

    119 N Fourth Street Victor, CO 80860

    • Price: $425,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: 5383139
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1899
    Built
    Neighborhood:
    Victor Orig
    County:
    Teller
    Area:
    Victor
    School District:
    Cripple Creek/Victor
    Property Description
    One of a kind property--Victorian Brick exterior structure gutted in 1991 and rebuilt with updated electrical, plumbing, etc. Each unit was completed as a stand-along unit with the long-term intention of creating a Condominium HOA for common maintenance and selling each unit individually. Property is considered a 6-plex but is on 3 lots and the City of Victor could be petitioned to separate each building onto it's own lot for 3 duplex properties--new buyer would need to pay for sewer/water taps for 2 "extra" buildings. Fabulous features such as old advertisements on the Victorian brick walls, architectural elements from famous hotels in the area, etc., along with classy and timeless updates that make this 6-plex unique for the area and could easily pass for downtown Colorado Springs or River North in Denver. Supplemental Documents include hand-written notes on property history, etc. Pictures don't do this property justice...must see! Low maintenance, 100% occupancy, longevity of occupancy, and applicants in waiting. Owner absent much of the time and valued longevity over income; Rents can easily be upwardly adjusted. Seller willing to finance for 30% down for up to 5 years. Historically 100% occupancy AND more growth in progress in Cripple Creek Casinos and steady employment with local mining presence. Property pricing reflects some minor maintenance/repairs anticipated.
    Exterior Features

    Fence None Foundation Details Other Lot Size 0.0400 Lot Size Units Acres Parking Spaces Number Of 0 Roof Rolled Siding Brick Structure BrickFramed On LotSee Prop Desc Remarks

    Interior Features

    Appliances DishwasherDryerRange TopRefrigeratorWasher Fireplace Description None Heating Forced AirNatural Gas Laundry Facilities Electric Hook-Up

    Property Features

    Earnest Money 4500 Income Property Sub Type Aptmts(6+Units) Notices Lead Base Paint Discl ReqSee Show/Agent Remarks Tax Amount 1402.00 Tax Year 2018 Unit Count 5 Utilities CableElectricityNatural GasTelephone Water Municipal



    Jason Daniels & Associates at RE/MAX Millennium- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2019-11-14T16:40:58.517.
     
    Jason Daniels & Associates at RE/MAX Millennium
    9362 Grand Cordera Pkwy, Suite 100
    Colorado Springs CO, 80924
    Listing provided courtesy of Prestige Realty Group Llc.