175 E Spruce Street Elizabeth, CO ^$ 2,200,000

175 E Spruce Street

^$ 2,200,000

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175 E Spruce Street

Elizabeth, CO, 80107

^$ 2,200,000

Studio Baths0.0 Sq 10,428

Monthly Estimate*

^$ 15,368

Listed by RE/MAX Alliance

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Studio

Commercial Property for sale in Elizabeth, CO

for $2,200,000. This 10,428 square foot building was built in 1997 on a lot size of 0.51.

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

Commercial Active

Price

^$ 2,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,997

Style

Traditional

Lot Size

0.51

Year Built

1997

Town/City

Elizabeth

County/Region

Elbert

MLS | Web ID

1538010

Features

General

Sewer Public Sewer

Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected

Roof Composition

Zoning ER-3

Garage Spaces 0

Architectural Style Traditional

Security Features Carbon Monoxide Detector(s) Fire Sprinkler - Wet Smart Cameras Smoke Detector(s)

Construction Materials Frame

Exclusions Tenants property

Year Built 1997

Tenant Pays Cable TV Electricity Gas Internet Telephone

Stories 2

Property SubType Multi-Family

Tax Year 2022

Current Use Multi-Family

Building Name Fitzberald Apartments

County Elbert

Property Type Commercial Sale

Attached Garage N

Status Active

Directions Highway 86 to Elizabeth then south on Elbert Street and east on either Poplar or Spruce

City Elizabeth

Buyer Agent Compensation 2.8

Total Units 12

Lot Size Square Feet 22215.6

Carport Spaces 0

Street Name Spruce

Listing Terms Cash Conventional

Tax Annual Amount 5997

Structure Type Free Standing

Standard Status Active

Occupancy Description Tenant (Multiple)

Cap Rate 0

Buyer Agent Compensation Type %

Exterior

Parking Features Asphalt

Water Source Public

Total Parking 24

Lot Size Area 0.51

Building Area Total 10428

Lot Size Acres 0.51

Road Surface Type Alley Paved Paved

Lot Size Units Acres

Road Frontage Type Public

Road Responsibility Public Maintained Road

Interior

Street Suffix Street

Internal Only

Street Number 1 175

* Excluded Features

List By

Re/Max Alliance

Broker

(303) 865-5127

Phone

Affordability Calculator

$15,867

Per Month

Monthly Principal & Interest: $15,368
Monthly Property Taxes: $500
Monthly Home Insurance: --

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Down Payment

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Elizabeth, CO

Average List Price ^$2,200,000

Percent of Sale Price 0%

About Elizabeth, CO

1,355 Population

18% Since 2002

^$84,245 Median Income

44.89 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

242254 Elementary School

242425 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/8/2024	$2,200,000		Listed Price

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175 E Spruce Street, Elizabeth, CO, 80107 is a Commercial Property for sale at $2,200,000 with 10,428 sqft and a lot size of 0.51. 175 E Spruce Street is a studio with 0.0 baths and was built in 1997. The property's zip code is 80107 which is in Elizabeth, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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175 E Spruce Street

Commercial Property for sale in Elizabeth, CO

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