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Mark & Shey Stitt

mountainhomesincolorado@gmail.com +1(303) 870-8826

$ 4,500,000

Est. payment | -/mo

21,807 SqFt

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$ 4,500,000

Est. payment | -/mo

Save

21,807 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 21,807 sqft

Price per Sqft $206

MLS Listing ID 6040622

Year Built 1937

Annual Tax Amount $3,602

Tax Year 2022

Property Sub-Type MultiFamily

Property Description

The Alamo Apartments at 322 S Main St in Lamar is a 23-apartment building. Grand fanfare surrounded the opening of the Alamo in 1936, with more than 2,000 guests touring the 54 guest rooms, men's club, women's (card) salon, and restaurant. Then in 2016, Otto Correct LLC purchased the Alamo Apartment building at 322 S Main St. and began a wholesale renovation of the building replacing: Replaced of all refrigerators, ranges/ovens and range hoods Replaced all window coverings, drapes and drapery rods Painted all apartment interiors, hallways, stairwells, common rooms, exterior trim/gutters Replaced elevator Replaced water faucets to all bathrooms, water lines Replaced 4 laundry room washers/dryers Built and furnished workout room Replaced 85% of all light fixtures Replaced two-thirds of the apartment HVAC units Bosch water source heat pump Replacing 17 of the 23 kitchens including cabinets, countertops, stainless steel sinks and sprayer faucets, backsplashes Carpeted all common area hallways, mail room and stairwells Installed tile in front entry Replaced all window screens garden level to 3rd floor Resurfaced parking lot Replaced all water heaters Replaced boiler Finished former men's club into loft style apartment with 14 FT ceilings and wine cellar Tinted storefront windows on Main Street Replaced apartment carpet/flooring in 85% of apartments Furnished all apartments with entirely new furniture including beds, nightstands, lamps, dining tables and chairs, sofas and seating Installed Smart TV in each apartment Replaced centralized fire / smoke monitoring with addressable Honeywell system Honeywell keycard access system Installed building-wide internet and Wi-Fi 6. Rents as of 2023 range between $950/month and $1,500/month. We have no vacancies and a waiting list for future tenants.

Location

State CO

County Prowers

Direction Corner of Oak and Main

Interior

Laundry Coinoperated, LaundryRoom

Exterior

Exterior Feature GasGrill, Lighting

Parking Features ElectricVehicleChargingStations

Community Features FitnessCenter

Utilities Available CableAvailable, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, HighSpeedInternetAvailable, PhoneAvailable, PhoneConnected, SewerConnected

Roof Type SpanishTile

Present Use MultiFamily

Street Surface AlleyPaved

Road Frontage PublicRoad

Attached Garage false

Total Parking Spaces 11

Garage false

Building

Lot Description CornerLot, Landscaped, NearPublicTransit

Story 4

Sewer PublicSewer

Water Public

Architectural Style Traditional, MidRise

Structure Type Brick,Concrete

New Construction No

Others

Tax ID 2370-36-100

Security Features ClosedCircuitCameras,FireAlarm,KeyCardEntry,SmokeDetectors,SecurityService

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by PARK PROPERTIES REALTY LLC

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(303) 870-8826

mountainhomesincolorado@gmail.com

322 S Main ST Lamar, CO 81052

Mark & Shey Stitt

Key Details

Location

Interior

Exterior

Building

Others

Schools and Properties Nearby

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322 S Main ST