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8 Units/ 6 Properies/ 27957-28178 Knowles Rd 28178 Knowles Rd 8 Unit Apartment Building $4,117,964 CAD ($514,746 CAD/Unit) 4.19% Cap Rate Evergreen, CO 80439

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EXECUTIVE SUMMARY

RARE opportunity to purchase six contiguous properties, totaling 8 dwelling units on one street in downtown Evergreen, Colorado. Five single-family homes, a duplex, and a great little 1-bedroom cabin. So much upside! The Serial Flipper can take their time flipping one at a time while renting the others. So much charm and Location, Location, Location! One block to Downtown Evergreen. Walk to the lake and lake house for concerts, paddleboarding, ice-skating, and New Year's fireworks. Restaurants, bars, and galleries galore. Trees, rock outcroppings, wildlife. Stroll to breakfast at the Wildflower or live music at the iconic Little Bear. This is an ideal path to cash for someone needing to complete a large 1031 Exchange. With six separate properties, fully leased at this time, one could collect rents as-is and upgrade and sell them one per year, or however fast or slow you wish to liquidate. These homes are in the absolute hottest price demographic in the foothills. AND the zoning is conducive to building single-family, townhomes, or possibly condos. Many possibilities. If you drive by PLEASE do not disturb the tenants. BIG UPSIDE!

PROPERTY FACTS

Price $4,117,964 CAD
Price Per Unit $514,746 CAD
Sale Type Investment
Cap Rate 4.19%
Sale Condition Redevelopment Project
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.17 AC
Building Size 8,194 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1926/1985
Zoning MR1
  • Listing ID: 25630566

  • Date on Market: 2022-05-04

  • Last Updated:

  • Address: 28178 Knowles Rd, Evergreen, CO 80439

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