About Crested Butte
Crested ButteThe Town of Crested Butte offers many unique and interesting real estate opportunities, including vacant land parcels, condominiums, duplexes, single family homes, and commercial property. Many folks purchasing property in the Crested Butte area prefer being "In Town," for convenience and close proximity to the schools, grocery store, movie theater, shops and restaurants. One can easily walk or bike around town to access almost all services and amenities available. Free transportation to the ski area is available on the Mountain Express bus system, providing service every fifteen minutes during the busy seasons.
712 Gothic Avenue, Town of Crested Butte
Price: $ 1,150,000
The long term housing market in the area is tight and this 6 unit building is consistently rented 100% of the time. With a 6.9% cap rate and 0% vacancy, this is a great opportunity for your 1031 exchange or Crested Butte investment. As the real estate market continues to improve, the potential for appreciation is high. This is a great opportunity for a Crested Butte resident to self-manage the building to maintain or improve the cap rate. Practically everything has been updated in the last 9 years - new roof, new appliances, new windows, new flooring & paint and more. If you are looking to get your foot in the door of the Crested Butte real estate market, this property is certainly one to consider.
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