For Sale
$725,000

60 Cascade AveAlamosa, CO 81101

Four-unit turnkey apartment complex, excellent rental history.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a four-unit apartment building located at 60 Cascade Ave, Alamosa, CO 81101. The property, encompassing 3,490 square feet on a 0.2-acre lot, is a two-story building currently operating at 100% occupancy. Each of the four units is equipped with a washer and dryer, and the kitchens include dishwashers. The building features two two-bedroom units upstairs and two one-bedroom units downstairs, all recently updated. The asking price is $725,000, translating to $207.74 per square foot and $181,250 per unit. The property boasts a strong rental history and is conveniently located near Cole Park. A seller concession is available for exterior improvements or an interest rate buy-down. The property is owned as a corporation. An existing property manager is in place and willing to continue management post-sale, if desired by the new owner. This presents a compelling opportunity for investors seeking a stable, income-generating asset in a vibrant Colorado community. Note that an adjacent single-family home at 62 Cascade Ave is also available for purchase, presenting a unique opportunity to acquire both properties.

Highlights

  • Four-unit apartment building in Alamosa, CO, offering strong rental history and 100% occupancy.
  • 3,490 sq ft building on a 0.2-acre lot, with updated units including in-unit laundry and dishwashers.
  • Two 2-bedroom units and two 1-bedroom units; asking price $725,000 ($207.74/sq ft, $181,250/unit).
  • Seller offering concessions for exterior improvements or interest rate buy-down; existing property manager available post-sale.
  • Property owned as a corporation; conveniently located near Cole Park; adjacent single-family home also available for purchase.

Property Details for 60 Cascade Ave

Property type
Apartment buildings
Square Feet
3,490 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
8,712 SF
Units
4

Location Insight

City
Alamosa
County
Alamosa
State
Colorado
Latitude
37.474125
Longitude
-105.8645573
60 Cascade Ave, Alamosa, Colorado

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60 Cascade Ave
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