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305 Main St

Gilcrest, CO 80623
  • $449,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 965014
UPDATED: 84 min ago
$449,000
  • 3
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,880
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Amazing investment opportunity or chance to run a business with income already coming in! This property has 2 units with one being 3 bed, 1 bath residential, and a 3 car detached garage that is rented for $1,600 a month through Nov 2022. The other unit is a 1,800 square foot commercial unit that is currently available and has been a market, church, and more. Huge lot with direct frontage to Highway 85 and the building is set up to have a large logo or sign painted on it. There is also a large unfinished basement accessible to the commercial side in addition to the 1,800 sqft. The assessor lists the basement as 1,152 square feet but it is much larger. The property has been remodeled with a new roof, HVAC, paint, flooring, and more. This property is huge with a huge lot and has tons of potential!

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© 2022 Information and Real Estate Services, LLC. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2022-07-02T23:40:23.13.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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305 Main St Gilcrest, CO 80623

  • Price: $449,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 84 min ago
  • MLS #: 965014
3
Beds
0
Baths
0
½ Baths
0.18
Acres
3,880
SQFT
$116
$/SQFT
1925
Built
Neighborhood:
Gilcrest Town
County:
Weld
Area:
10 Weld County (all)
Elementary School:
Gilcrest
Middle School:
North Valley
High School:
Valley
School District:
Weld County Re-1
Property Description
Amazing investment opportunity or chance to run a business with income already coming in! This property has 2 units with one being 3 bed, 1 bath residential, and a 3 car detached garage that is rented for $1,600 a month through Nov 2022. The other unit is a 1,800 square foot commercial unit that is currently available and has been a market, church, and more. Huge lot with direct frontage to Highway 85 and the building is set up to have a large logo or sign painted on it. There is also a large unfinished basement accessible to the commercial side in addition to the 1,800 sqft. The assessor lists the basement as 1,152 square feet but it is much larger. The property has been remodeled with a new roof, HVAC, paint, flooring, and more. This property is huge with a huge lot and has tons of potential!
Exterior Features

Construction Materials Wood/Frame Horse YN No Levels Two Lot Features Mineral Rights ExcludedCorner LotLevel Road Frontage Type City StreetHighway Roof Composition Spa YN No Waterfront YN No

Interior Features

Accessibility Features Level LotLevel Drive Appliances Electric Range/OvenDishwasherRefrigeratorMicrowave Basement FullUnfinished Heating Forced AirSpace Heater Heating YN Yes Living Area Source Assessor Unit1 Bedrooms 3 Unit1 Est Sq Ft 1192 Unit1 Total Baths 1 Unit2 Est Sq Ft 1800 Unit2 Total Baths 1

Property Features

Association YN No Cap Rate 8.05 Ditches Active YN No Electric ElectricXcel Exclusions Mineral RightsTenants Personal Property Gas Natural GasAtmos Gross Income 38400 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Gilcrest Net Operating Income 36161 New Construction YN No Operating Expense 2239 Possible Use Single FamilyCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Multi Family Special Listing Conditions Licensed Owner Tax Annual Amount 2239 Tenant Pays DepositGasElectricity Unit1 Rent 1600 Unit2 Rent 1600 Utilities Natural Gas AvailableElectricity Available Water Source City WaterTown Of Gilcrest Zoning Comm/Res

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Justin Gesso of Blue Steel Real Estate, Inc.: 970-451-5606.



© 2022 Information and Real Estate Services, LLC. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2022-07-02T23:40:23.13.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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