350 G Avenue

    Limon, CO 80828
    • $89,900
    • STATUS: Active
    • ON SITE: 96 days
    • ID#: 7407623
    UPDATED: 23 min ago
    $89,900
    • 9
      BEDS
    • 0.16
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 3,526
      SQFT
    • $25
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    Offered by Mb Eisenhard Realty Group.

    Description

    Investor special! Multi-family for under $100k is unheard of these days! Take advantage of the historically low Limon area vacancy rates with this high income generating potential building. The options are endless -rehab ready and waiting to be restored to its former glory as an 8 unit motel, finish out as a 5 unit multi-family building (would include three two bedroom units) or ?? Tax credits are available as this building qualifies for economic development incentives that include 25% of all rehab hard costs on a State of Colorado tax credit. The building is also a strong candidate for a solar array and is slated for a 18kv system, could qualify for REAP Grant to further lessen cost, and a 35% federal tax credit for new owner as well. Structurally sound with piers and bracing being installed in two sides of the building. Owner carry financing available.

    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/84774312

    350 G Avenue Limon, CO 80828

    • Price: $89,900
    • Status: Active
    • Updated: 23 min ago
    • ID#: 7407623
    9
    Beds
    7
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,526
    SQFT
    $25
    $/SQFT
    1954
    Built
    Neighborhood:
    Limon
    County:
    Lincoln
    Area:
    Limon
    Property Description
    Investor special! Multi-family for under $100k is unheard of these days! Take advantage of the historically low Limon area vacancy rates with this high income generating potential building. The options are endless -rehab ready and waiting to be restored to its former glory as an 8 unit motel, finish out as a 5 unit multi-family building (would include three two bedroom units) or ?? Tax credits are available as this building qualifies for economic development incentives that include 25% of all rehab hard costs on a State of Colorado tax credit. The building is also a strong candidate for a solar array and is slated for a 18kv system, could qualify for REAP Grant to further lessen cost, and a 35% federal tax credit for new owner as well. Structurally sound with piers and bracing being installed in two sides of the building. Owner carry financing available.
    Exterior Features

    Construction Materials BrickStucco Construction Methods BrickConcrete Parking Parking Lot (20 Spaces) Parking Total Searchable 20 Roof Metal Structural Style Ranch/1 Story Style Characteristics Free Standing

    Interior Features

    Basement Floor Type Crawl SpaceSlab Basement Size Partial Cooling Ceiling Fan Heating BaseboardHot Water Heating Fuel ElectricHot Water Sq Ft Above 3066 Sq Ft Basement 460 Sq Ft Finished 3066

    Property Features

    Additional Information Fix-UpQuick PossessionVacant Annual Expense Actual 0 Annual Expense Proj 0 Annual Income Actual 0 Annual Income Proj 0 Annual Net Income Actual 0 Annual Net Income Proj 0 Building Area Source Appraiser Measured Business Type Vacant Capitalization Rate 34.00 Capitalization Rate Calculation Goi-Expenses/$120K Listing Financing CashOtherOwner Will Carry Owner Paid Utilities ElectricityGasInsuranceTrashWater Potential Rental Income Annual 54000 Real Estate Taxes 735 Seller Type Individual Status Conditions None Known Tax Amount 785.00 Tax Year 2017 Transaction Type For Sale Water Annual Expense 2000 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
    1740 High St
    Denver CO, 80218
    Offered by Mb Eisenhard Realty Group.