$499,000 • 0.18 acres
Westcliffe ApartmentsRare Commercial Apartment OpportunityCalling investors young and old...and all those in between!Great short-term or long-term rentals!Five-unit apartment building located in the heart of Westcliffe, Colorado which is the heart of Colorado! This apartment complex opportunity is fully rented right now and there's a waiting list. The entire building is 3,220 SF and has had several upgrades! Enjoy beautiful grass landscaping around the building with relaxing views of the town park and the Sangre de Cristo Mountains. The apartments are very conveniently located as they are within walking distance to the grocery store, several coffee shops & restaurants, post office, the fully staffed medical clinic, and of course the park which offers a great place for family picnics or just an afternoon out with friends.Additionally, this building would pay for its self and still allow an interested party to live in one of the apartments...so kind of like free rent... while building your investment portfolio!Units are described as follows:Unit 1 is on the 3rd floor. It has 1 BR 1BA, 450 sf.Unit 2 is on the 2nd floor. It has 1 BR 1BA, 600 sf.Unit 3 is in the basement. It has 2 BR 1 BA. It also has a covered porch area and a W/D, 775 sf.Unit 4 is on the 2nd floor. It has 2 BR and 1BA. It has a deck and a W/D, 788 sf.Unit 5 is on the 3rd Floor. It has 2BR and 1BA, 584sf.There is a W/D available for all other tenants to use in a community area. Westcliffe is centrally located: Salida, Canon City & Pueblo are all one-hour drives. Colorado Springs is a 1.5-hour drive to the airport, and Denver is a 2.5-hour drive.Please call for additional details and to arrange a tour!