48
See all 48 photos
$2,400,000
Est. payment /mo
0.61 Acres Lot
Active
201 E South 1st ST Johnstown, CO 80534
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
11/01/2024 12:12 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7942349
HOA Y/N No
Originating Board recolorado
Year Built 1920
Annual Tax Amount $11,348
Tax Year 2023
Lot Size 0.610 Acres
Acres 0.61
Property Description
201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. These units feature a unique mix consisting of (4) 1Br/1Ba units, (6) 2Br/1Ba units, and (3) 3Br/1Ba units. This turn-key investment is in excellent condition and requires little to no capital injection. Current ownership has updated the majority of the electrical panels in the units, installed a new roof and gutters (2017), and recently installed a new boiler. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow. PROPERTY HIGHLIGHTS: Turn-Key Asset with 12 out of 13 units fully renovated; Updated Windows, Two New High-Efficiency Boilers with Water Storage Tanks (2021), New Exterior Paint (2023) and Landscaping (2024); 13 Surface Parking Spots; In the Heart of Downtown Johnstown with the Ability to Walk to Numerous Restaurant and Retail Stores; Large Storage Units in Basement that Currently Provide Additional Income
Location
State CO
County Weld
Interior
Fireplace N
Exterior
Total Parking Spaces 13
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Pinnacle Real Estate Advisors • jknowlton@pinnaclerea.com,303-962-9543