2754 Downhill Drive

    Steamboat Springs, CO 80487
    • $899,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: 8412708
    UPDATED: 22 min ago
    $899,000
    • 0
      BEDS
    • N/A
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 7,195
      SQFT
    • $125
      $/SQFT
    Type:
    Commercial
    Built:
    1995
    County:

    School Ratings & Info

    Offered by Colorado Group Realty.

    Description

    Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.

    Monthly Payment Calculator



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

    www.wisdomrealestate.com/homes/81284449

    2754 Downhill Drive Steamboat Springs, CO 80487

    • Price: $899,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 8412708
    0
    Beds
    2
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,195
    SQFT
    $125
    $/SQFT
    1995
    Built
    County:
    Routt
    Area:
    Steamboat Springs
    Property Description
    Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.
    Exterior Features

    Construction Materials Stucco Construction Methods BlockStructural Steel Exterior Features Heated GuttersLightingProfessional Landscaping Parking Parking Lot (25 Spaces) Parking Features Driveway-Asphalt Parking Total Searchable 25 Road Surface Paved Road Roof Other Site Features Corner Lot Structural Style Multi-Story View Mountain View

    Interior Features

    Basement Floor Type Concrete WallSlab Basement Size None Cooling Ceiling FanEvaporative Cooler (Swamp) Flooring CarpetConcreteTile FloorWood Floors Heating BaseboardHot WaterSpace Heater Heating Fuel GasHot Water Interior Features Double Pane WindowsDrive IndoorsExercise RoomShowroom Area Sq Ft Above 7195 Sq Ft Finished 7195

    Property Features

    Additional Information 1031 ExchangeAccessible/Handicap FeaturesIncome History AvailableTenant Occupied Annual Expense Actual 20384 Annual Income Actual 82000 Annual Net Income Actual 61616 Association Fee Annual 7560 Building Area Source County Records Business Type Mixed Use Capitalization Rate 7.00 Listing Financing CashConventional Real Estate Taxes 12824 Reports Available LeasesLegal DescriptionLocation MapPlatRental AverageSurveyUtility Average Seller Type Corporation/Trust Status Conditions None Known Tax Amount 12824.68 Tax Year 2017 Transaction Type For Sale Zoning Commercial



    Licensed in the State of Colorado, USA

    The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (IDX) program of METROLIST, INC., DBA RECOLORADO®. Real estate listings held by brokers other than Wisdom Real Estate are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

    1. This publication is designed to provide information regarding the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

    2. The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

    3. PUBLISHER’S NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

    4. METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

    5. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.

    © 2018 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved 6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA

     
    Wisdom Real Estate
    3924 East 7th Avenue Parkway
    Denver CO, 80206
    Offered by Colorado Group Realty.