231 Elm Street
Leadville, CO 80461
2399 sqft | 0.11 acres | #8722176
Description
231 Elm Street presents an excellent investment opportunity in Leadville, Colorado. Built in 1963 and formerly operated as a motel, this well-located property is currently operated as a 9-unit apartment building and sits on a spacious corner lot of over 4,966 square feet. Its historic motel roots and efficient design also provide the potential for hospitality or short-term rental use, subject to city approvals. Located just minutes from downtown Leadville and surrounded by year-round recreational attractions, 231 Elm offers a strategic foothold for multifamily investors or those seeking to reposition the asset. Property is composed of 9-units total (5- Studios, 3 – Studios w/ Kitchens, and 1 – 1Bd/1Ba unit). Zoned R2, the property offers exceptional flexibility for investors or developers seeking to capitalize on Leadville’s rapid residential growth.
Property Details
- Sewer InformationPublic Sewer
- Property SubtypeMulti Family
- Original List Price$1,135,000
- Property TypePurchase
- MLS #8722176
- Cost1135000
- MLS #8722176
- Taxes Annual$2,155
- Acres0.11
- Square Feet2399
- Year Built1963
- CountyLake
Location
Legal
The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange (“IDX”) program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers are marked with the IDX Logo. This information is being provided for the consumers’ personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.
Last Updated: . Source: RECOLORADO
Listing Courtesy
Listing Agent: Dan Hawthorne (#REC55059532)
Listing Office: NorthPeak Commercial Advisors, LLC (#RECAQYRE)
Interested in Purchasing 231 Elm Street?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
