702 Midland Avenue, Units #1-14

Glenwood Springs, CO 81601 / Midland

MLS ID# 181623 Closed
Residential Income

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Closed $2,800,000

27 beds

14 baths

None Garage

15245 sqft

1.09 acres

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• Description
• Location Info
• Keywords Info
• Listing Info
• General Info
• Financing Info
• Details
• Video 1

Description

**Exceptional Investment Opportunity at Toboggan Creek Apartments** Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces. **Diverse Unit Composition:** Toboggan Creek Apartments cater to a wide range of housing needs with: - (2) One-bedroom one level layouts - (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck - (3) Two-bedroom one level layouts, including one with an outdoor deck - (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection. **Abundant Living Space:** Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors. **Scenic Location with Convenient Access:** Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails. **Lucrative Investment Potential:** Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors. **Contracts and Viewing:** - **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration. For comprehensive details or to arrange a private tour, please contact our dedicated listing agent. Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution. **Exceptional Investment Opportunity at Toboggan Creek Apartments** Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River,... show more

Location Info

• Type Residential Income
• Major Area Glenwood Springs
• Area 09-Glenwood Proper
• Street # 702
• Street Name MIDLAND
• Street Suffix Avenue
• Address 2/Unit # Units #1-14
• City/Town Glenwood Springs
• State/Province CO
• Postal Code 81601
• Furnished No

Keywords Info

• Bedrooms 27
• Total Baths 14
• Baths - Full 14
• Baths - 3/4 0
• Baths - Half 0
• Lot Size 43,001 - 65,000
• Acreage Refer to Lot Size
• Garage None
• Pre-Fabricated Home No

Listing Info

• New Construction No
• Seller is licensed Realtor No
• Occupant Tenant
• SB% 3
• Variable Comm False
• Flat Fee No
• Short Sale No
• REO No
• Auction No
• Agency Excl Right to Sell
• Foreclosure No
• Member Association Glenwood Association
• County Garfield
• Deeds Special Warranty
• ADU No

General Info

• SubLoc Midland
• Legal REFERENCE EXCLUSIVE BROKERAGE LISTING ADDENDUM TO EXCLUSIVE RIGHT-TO-SELL for parcel (2) Legal Descriptions
• Zoning Residential-High Den
• Nbr of Acres 1.09
• Lot SqFt 47306
• Lv Ht SqFt 14288
• LvHtSqFt (Abv Grnd) 13360
• LvHtSqFt (Blw Grnd) 928
• Unfinished SqFt 957
• Total SqFt 15245
• Price/LvH SqFt 234.46
• Levels 2
• Main Floor Master No
• Year Built 1965
• Parcel # 218509300005
• Account # R311847
• Directions From Midland Avenue turn into Toboggan Creek Apartments

Financing Info

• Metro Tax District No
• Taxes 11628.2
• Tax Year 2022
• Transfer Tax No
• HOA Dues Y/N No
• Total HOA Fee Per Year 0
• HOA Transfer Fee No
• Earnest $/% $50,000
• Earnest $ Payable To Land Title Guarantee Company
• Seller Will Trade No

Details

• Laundry Facility

  Common Area

• Style

  Ranch, Two Story

• Construction

  Frame, Other

• Substructure

  Crawl Space, Finished Basement, Garden Level, Slab, Unfinished Basement, Walkout

• Roof

  Membrane

• Condition

  Good

• Heating

  Forced Air, Hot Water, Natural Gas

• Electric

  No, Yes:Public

• Gas

  Natural Gas

• Water

  City

• Cooling

  None

• Sanitation

  Sewer

• Carport

  None

• Parking Area

  Assigned

• Possession

  DOD

• Extras

  Landscaping, Patio/Deck

• Terms Offered

  Cash, New Loan

• Mineral Rights

  No

• Water Rights

  No

• Sign

  No

• Inclusions

  Range, Refrigerator