928 Ocean Wave Drive

Lake City, CO 81235

$699,000
Price
Beds
7
Baths
1
1/2 Bath
3,750 Sq. Ft.
$186 / Sq. Ft.
3,750
Sq. Ft.
$186
per Sq. Ft.

Description

Nestled in the picturesque town of Lake City, Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, 2 1-bedroom apartments, and 1 versatile commercial space, it presents a unique investment opportunity. Situated on a spacious .50-acre lot, there's ample room for expansion or additional development. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning district, just across from...Nestled in the picturesque town of Lake City, Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, 2 1-bedroom apartments, and 1 versatile commercial space, it presents a unique investment opportunity. Situated on a spacious .50-acre lot, there's ample room for expansion or additional development. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning district, just across from the scenic Lake Fork of the Gunnison River. Essential amenities including a grocery store, bakery, and gas station are within close proximity, while the historic downtown area of Lake City is just a short distance away. Presently, all apartments are leased on a flexible month-to-month basis, contributing to the property's stellar rental history characterized by long-term tenants. Priced competitively and primed for acquisition, seize the opportunity to explore this promising investment. Contact us today to schedule a viewing.
  1. Listed by Michael Murphy • Murphy Real Estate
  2. Listed by Sandy Murphy • Murphy Real Estate

Property Details for 928 Ocean Wave Drive

Water Front
No
Zoning
Other
Views
Mountains
Subdv Name
None

Location

Listing Courtesy of Murphy Real Estate, Michael Murphy; Murphy Real Estate, Sandy Murphy
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LISTING UPDATED: 04/07/2024 01:38 AM

Property Details for 928 Ocean Wave Drive

StatusActive
MLS #812223
Days on Market28
Taxes$4,946 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Apartment Bldg.
Year Built1983
Lot Size0.50 AC / 21,780 SF
CountyHinsdale County

Location

Listing Courtesy of Murphy Real Estate, Michael Murphy; Murphy Real Estate, Sandy Murphy
Add your commute

Building Information for 928 Ocean Wave Drive

Stories2Residences8Year Built1983Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$4,227 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,815

Property Taxes

$412

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 928 Ocean Wave Drive

Summary
Location and General Information
  • Directions: Call Listing office, must have an appointment
  • Access: Year Round
Owner
  • Owner Name: Hollingsworth Trust
Parking
  • Carport Y/N: No
  • Garage Y/N: No
  • PARKING: 1 per unit
School Information
  • Elementary School: Lake City K-12
  • Middle School: Lake City K-12
  • High School: Lake City K-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2023
  • Total Taxes $: 4946.48
Property
Property and Assessments
  • FIPS Code: 08053
  • Legal/Lot Block: LOTS 2 & 15, BLOCK 5, TOWN OF LAKE CITY LOT 1 AND ACCESS BLOCK 5 TOWN OF LAKE CITY
  • Photo Count: 10
  • New Construction Y/N: No
  • Disclosures: Seller's Prop Disclosure
  • Covenants Y/N: NO
  • Board Name: Gunnison-Crested Butte Association of REALTORS
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: .5 - .99
  • Parcel ID #: 4.50927110002E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Total # Electric Meters: 8
  • Domestic Water/Sewer: City Sewer, City Water
  • Metered: Metered for Electricity
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 8
  • Residence Stories: Two Story
Interior and Exterior Features
Room Information
  • 1/2 Baths: 1
  • 3/4 Baths: 7
  • 1/4 Baths: 0
  • Total Baths: 8.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Florring: Carpet, Laminate, Linoleum, Tile
  • Foundation/ Basement: Slab
  • Appliance Inclusions: Range/Oven, Refrigerator
Exterior Features
  • Horse Setup: No
  • Residence Style: Other
  • Roof: Metal
  • Exterior Inclusions: Shed/Storage
  • Siding: Metal

Property History for 928 Ocean Wave Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 928 Ocean Wave Drive

Taxable ValueLand$32,470Additions$45,470Total$77,940
Tax Record2023$4,814 ($401 / month)
Home Facts
StyleMiscellaneousCountyHINSDALEAPNR000960

Schools near 928 Ocean Wave Drive

This home is within Hinsdale County Re 1 School District.
Rating
School
Type
Grades
Distance
Public - PK to 12
Rating
School
Distance
Lake City Community School
PublicPK 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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928 Ocean Wave Drive is a multi-family home for sale in Lake City, CO 81235. This property was listed for sale on April 4, 2024 by Murphy Real Estate, it's currently listed at $699,000. This listing's school district is Hinsdale County Re 1 School District. Nearby schools include Lake City Community School. 928 Ocean Wave Drive is a 0-bed, 7.5-bath, 3,750 sqft multi-family home built in 1983.

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 Murphy Real Estate, Michael Murphy; Murphy Real Estate, Sandy Murphy

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.