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148 W Park Ave
Empire, CO 80438
Multifamily Property For Sale
·
24 Units
Executive Summary
PROPERTY FEATURES
- 12 total units — seven 1-bedroom/1-bath apartments, two
2-bedroom/1-bath apartments, three RV/MH lot sites
- 1.64 acres in the heart of Empire, adjacent to West Fork Clear
Creek
- All public utilities — public water, public sewer, individually
metered electric
- Gas — public utility, tenant pays; trash included in rent
- Walking distance to Empire town center
PROPERTY HIGHLIGHTS
- All 9 apartment units occupied and generating income on Day
1 — no lease-up risk
- Low operational cost exposure
- Extremely rare sized asset in Clear Creek County
- 12 total units — seven 1-bedroom/1-bath apartments, two
2-bedroom/1-bath apartments, three RV/MH lot sites
- 1.64 acres in the heart of Empire, adjacent to West Fork Clear
Creek
- All public utilities — public water, public sewer, individually
metered electric
- Gas — public utility, tenant pays; trash included in rent
- Walking distance to Empire town center
PROPERTY HIGHLIGHTS
- All 9 apartment units occupied and generating income on Day
1 — no lease-up risk
- Low operational cost exposure
- Extremely rare sized asset in Clear Creek County
Property Facts
| Price Per Unit | $90,869 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.64 AC |
| Cap Rate | 6.11% | Building Size | 928 SF |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment |
| Price Per Unit | $90,869 CAD |
| Sale Type | Investment |
| Cap Rate | 6.11% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.64 AC |
| Building Size | 928 SF |
| No. Stories | 1 |
| Year Built | 1890 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | - |
Property Taxes
| Parcel Number | 1837-282-26-032 | Improvements Assessment | $65,679 CAD |
| Land Assessment | $10,285 CAD | Total Assessment | $75,964 CAD |
Property Taxes
Parcel Number
1837-282-26-032
Land Assessment
$10,285 CAD
Improvements Assessment
$65,679 CAD
Total Assessment
$75,964 CAD
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