Red Lady Realty - Crested Butte, CO

712 Gothic Avenue, Town of Crested Butte

Price: $ 1,150,000
MLS Number: 729997
Bedrooms: 9
Bathrooms: 6
Square Feet: 3672
Acreage: 0.14
Year Built: 1991
Taxes: $ 2,376.00
County: Gunnison

SOLD at $ 1,075,000

Listed by: Molly Eldridge

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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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