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217 E Main Street #1-4, Cripple Creek, CO, 80813

8beds
6baths
3,000sqft
$590,000
$197price/sqft
$3,641/moest. monthly cost
$145,640/yrincome needed

About This Home

9% CAP RATE. Fully renovated, fully rented 4plex with long term tenants. New roof, windows, water heaters and finishes throughout. Cripple Creek is booming. Whether its work-live, vacation, spend the day, gamble, tour the mines, hunt for gems, pet the donkeys take a train ride or visit the ice castles in the winter, it's a special place with classic western charm. Built in 1895 this building has was the original firehouse, it has been a great rental & doesn't stay vacant for long! Public Water & Sewer with 4 separate Gas/Electric meters. The original cabin holds future development opportunities as well. The property consists of four units: Two 2-bedroom/1-bathroom units ($1,400 & $1,350) PLUS Two 1-bedroom/1-bathroom units ($1,200 & $1,330)- Two units feature unique sleeping lofts. Two units have washer/dryers & one has hookups. No short-term rentals allowed. No HOA, $1,045 annual taxes.

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1895

Materials

  • Roof: Membrane
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Quadruplex

Interior

Appliances

  • Appliances included: Dryer,Microwave,Oven,Refrigerator,Washer
  • Laundry features: In Unit

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 6

Features

  • Flooring: Carpet,Laminate,Vinyl
  • Finished area above ground: 3,000
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Electric,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 3,000
  • Total interior livable area: 3,000 sqft

Property

Details

  • Parcel number: R0020266
  • Attached to another structure: Yes
  • Zoning: CCK
  • Special condition: Standard
  • Exclusions: All Tenants Personal Items

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck,Front Porch
  • Exterior features: Balcony
  • Fencing: None
  • Has view: Yes
  • View description: City,Mountain(s)

Lot

  • Lot size: 9,147 sqft
  • Features: Corner Lot,Near Public Transit,Sloped

Parking

  • Total spaces: 12