175 East Spruce Street

Elizabeth, CO 80107

$2,200,000
Price
Beds
10,428 Sq. Ft.
$211 / Sq. Ft.
10,428
Sq. Ft.
$211
per Sq. Ft.

Description

12 unit apartment in the village of Elizabeth Colorado. Seller may finance a qualified Buyer. First time on the market. 45 minutes to the Denver metro area. Currently 100% leased.. Original owner and builder. 12 two bedroom, 1 bath single level apartments. All are ranch style units. Each apartment has it own elec. and gas meter, building owner pays water, sewer, taxes, trash pickup and insurance. Each unit has a fire sprinkler system. Cable is available no satellite dishes. Stove/range/oven, refrigerator,...12 unit apartment in the village of Elizabeth Colorado. Seller may finance a qualified Buyer. First time on the market. 45 minutes to the Denver metro area. Currently 100% leased.. Original owner and builder. 12 two bedroom, 1 bath single level apartments. All are ranch style units. Each apartment has it own elec. and gas meter, building owner pays water, sewer, taxes, trash pickup and insurance. Each unit has a fire sprinkler system. Cable is available no satellite dishes. Stove/range/oven, refrigerator, washer and dryer in all units. 2 story building with parking on each level. Upper level apartments lease for $1,350.00 per month and lower level apartments lease for $1,250.00 per month. Rents are in the process of being raised, currentyl 8 units are still paying $1,200.00 per month. Just a short half block walk to the park and 4 blocks to the Elementary School. 10 water heaters replaced in 2023 and one in 2024, and the other water heater in the last 3 years. 8 new GFA furnaces installed in 2024 and the other 4 in the last 3 years
  1. Listed by Bill Dixon • RE/MAX Alliance • billdixonrealestate@comcast.net,303-865-5127

Property Details for 175 East Spruce Street

Structure Type
Free Standing
Architectural Style
Traditional
Stories
2

Location

Listing Courtesy of RE/MAX Alliance, Bill Dixon
Add your commute
LISTING UPDATED: 04/02/2024 05:20 PM

Property Details for 175 East Spruce Street

StatusActive
MLS #1538010
Days on Compass93
Taxes$5,997 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCommercial Sale
MLS TypeMulti-Family
Year Built1997
Lot Size0.51 AC / 22,215 SF
CountyElbert County

Location

Listing Courtesy of RE/MAX Alliance, Bill Dixon
Add your commute

Building Information for 175 East Spruce Street

Stories-Residences12Year Built1997Lot Size0.51 AC / 22,215 SF

Payment Calculator

$12,506 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 175 East Spruce Street

Interior Area & SqFt
Interior Area & SqFt
  • Building Area Total (SqFt Total): 10428
  • Sqft Total: 10428
  • PSF Total: 211
  • Master on Main: No
  • Security Features: Carbon Monoxide Detector(s), Fire Sprinkler - Wet, Smart Cameras, Smoke Detector(s)
Unit Information
Unit Information
  • Number Of Units Total: 12
  • Number Of Units Vacant: 0
  • Units Furnished Total: 0
Parking
Parking
  • Parking Features: Asphalt
  • Attached Garage: No
  • Parking Type: Parking Lot
  • Parking Description: Parking Lot-24
  • Parking Details: 24
  • Parking Total: 1
  • Garage Spaces: 0
  • Offstreet Spaces: 24
  • Parking Count: 24
  • Carport Spaces: 0
  • Reserved Spaces: 0
  • RV Spaces: 0
Association Information
Association Information
  • Association Fee Total Annual: $0
Site & Location Information
Site & Location Information
  • Lot Size Acres: 1
  • Lot Size Square Feet: 22216
  • Zoning: ER-3
  • Property Exclusions: Tenants property
Building Information
Green Features
  • Green Verification Count: 0
Building Information
  • Building Name: Fitzberald Apartments
  • Year Built Effective: 1997
  • Construction Materials: Frame
  • Roof: Composition
  • Unit Count: 0
Water & Utilities
Water & Utilities
  • Water Included: Yes
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Sewer: Public Sewer

Public Records for 175 East Spruce Street

Taxable ValueLand$8,610Additions$50,340Total$58,950
Tax Record2022$5,997 ($500 / month)
Home Facts
Lot Size22,608 SqFtStyleMulti-Family Dwelling (2-4)Year Built1997ZoningR-3CountyELBERTAPN84181-14-005

Schools near 175 East Spruce Street

This home is within Elizabeth School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Running Creek Elementary School
PublicK to 5

Elizabeth Middle School
Public6 to 8

Elizabeth High School
Public9 to 12

Frontier High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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175 East Spruce Street is for sale in Elizabeth, CO 80107. This property was listed for sale on January 8, 2024 by RE/MAX Alliance, it's currently listed at $2,200,000. This listing's school district is Elizabeth School District. Nearby schools include Running Creek Elementary School, Elizabeth Middle School and Elizabeth High School. 175 East Spruce Street is a 0-bed, 0-bath, 10,428 sqft built in 1997.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Alliance, Bill Dixon

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