8 Units/ 6 Properies/ 27957-28178 Knowles Rd | 28178 Knowles Rd
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8 Units/ 6 Properies/ 27957-28178 Knowles Rd 28178 Knowles Rd
8 Unit Block of Flats £2,542,963 (£317,870/Unit) 3.80% Net Initial Yield Evergreen, CO 80439
Executive Summary
RARE opportunity to purchase six contiguous properties, totaling 8 dwelling units on one street in downtown Evergreen, Colorado. Five single-family homes, a duplex, and a great little 1-bedroom cabin. So much upside! The Serial Flipper can have a ball with these. So much charm and Location, Location, Location! One block to Downtown Evergreen. Walk to the lake and lake house for concerts, paddleboarding, ice-skating, and New Year's fireworks. Restaurants, bars, and galleries galore. Trees, rock outcroppings, wildlife. Stroll to breakfast at the Wildflower or live music at the Little Bear. This is an ideal path to cash for someone needing to complete a large 1031 Exchange. With six separate properties, fully leased at this time, one could collect rents as-is and upgrade and sell them one per year or however fast or slow you wish to liquidate. These homes are in the absolute hottest price demographic in the foothills. AND the zoning is conducive to building Single Family townhomes or possibly condos. Many possibilities. If you drive by PLEASE do not disturb the tenants. BIG UPSIDE!
Property Facts
Price | £2,542,963 | Apartment Style | Single Family Home |
Price Per Unit | £317,870 | Building Class | C |
Sale Type | Investment | Lot Size | 0.17 AC |
Net Initial Yield | 3.80% | Building Size | 8,194 SF |
No. Units | 8 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built/Renovated | 1926/1968 |
Price | £2,542,963 |
Price Per Unit | £317,870 |
Sale Type | Investment |
Net Initial Yield | 3.80% |
No. Units | 8 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Single Family Home |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 8,194 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built/Renovated | 1926/1968 |
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zoning
Zoning Code | MR1 |
MR1 |
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8 Units/ 6 Properies/ 27957-28178 Knowles Rd | 28178 Knowles Rd
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