41,850 SqFt
41,850 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 41,850 sqft
Price per Sqft $59
MLS Listing ID 2269665
Style LowRise
Year Built 1988
Annual Tax Amount $15,029
Tax Year 2020
Lot Size 1.030 Acres
Acres 1.03
Property Sub-Type MultiFamily
Property Description
Location: Limon, Colorado
Type: Long-term workforce housing, hospitality units, and RV pad sites
Units: 39 apartments
Facilities: 9 RV pad sites, adjacent ice cream store (available as a package)
Investment Opportunity:
Seize the chance to invest in Coyote East Apartments, a high-margin, easy-to-operate asset in Limon, Colorado. Originally a motel, the property has been converted into 39 long-term workforce housing and hospitality units, accommodating both extended stays and overnight guests.
The offering also includes 9 RV pad sites, generating consistent monthly revenue for the property owner. As an added bonus, the adjacent ice cream store is available as part of a package deal, providing an additional income stream for the investor.
Located in an Opportunity Zone, this property may qualify for certain tax incentives and benefits, making it an even more attractive investment.
Don't miss this unique investment opportunity in Limon, Colorado, to own a versatile and profitable property with significant potential for growth.
Location
State CO
County Lincoln
Zoning Business
Exterior
Present Use MultiFamily
Street Surface Paved
Road Frontage PublicRoad
Attached Garage false
Total Parking Spaces 50
Garage false
Building
Sewer PublicSewer
Water Public
Architectural Style LowRise
New Construction No
Others
Tax ID 258516302007
Acceptable Financing Cash, Conventional, OwnerWillCarry
Listing Terms Cash, Conventional, OwnerWillCarry
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
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