201 E South 1st Street
Johnstown, CO 80534
15996 sqft | 0.61 acres | #7942349
Description
201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. These units feature a unique mix consisting of (4) 1Br/1Ba units, (6) 2Br/1Ba units, and (3) 3Br/1Ba units. This turn-key investment is in excellent condition and requires little to no capital injection. Current ownership has updated the majority of the electrical panels in the units, installed a new roof and gutters (2017), and recently installed a new boiler. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow. PROPERTY HIGHLIGHTS: Turn-Key Asset with 12 out of 13 units fully renovated; Updated Windows, Two New High-Efficiency Boilers with Water Storage Tanks (2021), New Exterior Paint (2023) and Landscaping (2024); 13 Surface Parking Spots; In the Heart of Downtown Johnstown with the Ability to Walk to Numerous Restaurant and Retail Stores; Large Storage Units in Basement that Currently Provide Additional Income
Property Details
- Structure TypeLow Rise (1-3)
- Sewer InformationPublic Sewer
- Property SubtypeMulti Family
- Original List Price$2,400,000
- Property TypePurchase
- Taxes Annual$11,348
- MLS #7942349
- Cost2350000
- MLS #7942349
- Utility SourcePublic
- Square Feet15996
- Acres0.61
- Year Built1920
- CountyWeld
Location
Legal
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Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Jim Knowlton (#REC32419N)
Listing Office: Pinnacle Real Estate Advisors (#RECM0485)
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