401 N Silver Street Active Save Request In-Person Tour Request Virtual Tour
Lake City,CO 81235
Key Details
Property Type Multi-Family
Sub Type Sixplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,015 sqft
Price per Sqft $170
MLS Listing ID 822616
Style Contemporary
Bedrooms 9
Full Baths 1
Three Quarter Bath 6
Year Built 1960
Annual Tax Amount $1,466
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Sixplex
Property Description
Investment Opportunity awaits! If you're seeking a property with income potential nestled in one of Colorado's prime outdoor recreation destinations, look no further. The property at 401 N Silver St in Lake City, CO, is a unique offering comprised of six distinct rental units. Built in 1960, this multi-family property is perfect for investors aiming to capture rental income from a steady stream of outdoor enthusiasts and locals alike. This 4,015-square-foot building is divided into six units: one 3-bedroom unit with a 3/4 Bath on the main level and a 3/4 Bath upstairs, one 2-bedroom unit with a full bathroom, and four 1-bedroom units, each equipped with a 3/4 bathroom. The diversity in unit size offers flexibility for various tenant needs, appealing to different segments within the rental market. Situated in the heart of Lake City, this property's location is its standout feature. Lake City is renowned for its breathtaking scenery and wealth of outdoor activities. It's home to the Alpine Loop, a highly sought-after locale for hiking and off-road driving. In the winter many can be found enjoying the thrills of ice climbing in Lake City. Additionally, Lake San Cristobal, Colorado's second-largest natural lake, offers opportunities for boating, kayaking, paddle boarding, and ice fishing, drawing year-round tourism. These amenities make Lake City an attractive place for both short-term and long-term tenants, ensuring those units are not left vacant for long. Investors with a keen eye for potential rental income will not want to miss this property! Its location and structure offer a unique blend of small-town charm and modern convenience. Owning property in Lake City means tapping into a market that values its natural surroundings and outdoor amenities, thereby supporting always-in-demand rental real estate. This property offers potential for long-term growth and equity. It's a chance to invest in one of Colorado's hidden gems and secure a foothold in this picturesque community. For more information or to schedule a viewing, feel free to contact me directly.
Location
State CO
County Hinsdale
Zoning Residential Multi Family
Rooms
Dining Room Eat-in Kitchen
Interior
Flooring Carpet,Laminate
Inclusions Microwave,Range Top,Range/Oven,Refrigerator
Exterior
Parking Features Attached Garage
Garage Spaces 1.0
View Mountains,Valley
Roof Type Metal
Building
Story Two Story
Foundation Concrete
Sewer City Sewer,City Water
Water City Sewer,City Water
New Construction No
Schools
Elementary Schools Lake City K-12
Middle Schools Lake City K-12
High Schools Lake City K-12