Description

Investor special! Multi-family for under $100k is unheard of these days! Take advantage of the historically low Limon area vacancy rates with this high income generating potential building. The options are endless -rehab ready and waiting to be restored to its former glory as an 8 unit motel, finish out as a 5 unit multi-family building (would include three two bedroom units) or ?? Tax credits are available as this building qualifies for economic development incentives that include 25% of all rehab hard costs on a State of Colorado tax credit. The building is also a strong candidate for a solar array and is slated for a 18kv system, could qualify for REAP Grant to further lessen cost, and a 35% federal tax credit for new owner as well. This property will be sold with a brand new fully permitted metal roof installed, and structurally sound with piers and bracing being installed in two sides of the building. Owner carry financing available.

Details

MLS#7407623
StyleIndustrial
Sub-TypeResale
StatusActive
Year1954
Days On Site32

Features

SQ Feet3,526
Story(s)1
Units5
Zoningcommercial

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Area Information

StateCO
CountyLincoln
CityLimon
Zip Code80828
AreaLincoln
Listing VS Median (in 80828)
Price:
$99,900
low | high
Med:
$159,200
9.359359359359% of Average
SqFt:
3,526
low | high
Med:
2,102
90.371525808281% of Average
$ / SqFt:
$28
low | high
Med:
$77
100% of Average
On Site:
32
low | high
Med:
75.500000
42.384105960265% of Average
Listing Updated: 07/19/2018
MLS Number: 7407623
Listing Provided By:
Chris Eisenhard  of  MB Eisenhard Realty Group
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