$975,000
$1,075,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
3 Baths
7,835 SqFt
SOLD DATE : 06/14/2024
Key Details
Sold Price $975,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,835 sqft
Price per Sqft $124
Subdivision Severance Town
MLS Listing ID 4095418
Sold Date 06/14/24
Bedrooms 2
HOA Y/N No
Abv Grd Liv Area 7,835
Originating Board recolorado
Year Built 1948
Annual Tax Amount $9,443
Tax Year 2023
Lot Size 0.690 Acres
Acres 0.69
Property Description
Live and work in this incredible mixed-use property on 1st street in the heart of Severance Colorado. This one of a kind property blends historical character with modern amenities. With three separate units, two residential and one industrial, this property will immediately generate income and provide long-term redevelopment potential. Main floor residential unit is 1BR, 2BA with full kitchen, office, washer/dryer hookups and spacious living area. Upstairs, a separate, modern studio apartment with kitchenette and updated 3/4 bath has a long history as a short term rental with over 260 occupied nights in 2023. Residential units share access to outdoor patio space with hot tub hookups, garden shed, and parking spaces for two RVs or travel trailers. The residential portion is separated from the industrial unit by a 2hr fire wall and a lobby/storage area with fire suppression system that protects the entire residential portion of the property. The Industrial unit totals 4,837SF of which, 3,570SF is a fully insulated and heated shop w/new 13ft overhead roll up door, overhead radiant heating, new lighting, and a private bathroom with shower. Entire building's insulation was updated w/closed cell foam. Stub ins for second bathroom are available. 400 amp electrical service is newly updated from recent tenant finish. 1,267SF of unconditioned storage space is immediately adjacent to main shop with an exterior 10ft overhead roll up door and interior access directly to main shop by man door. Industrial space includes 16,000SF fully fenced storage yard with access from both 3rd ave and 2nd st. Entire parcel consists of 8 city lots with an additional sewer drop on 3rd st for future building/development.
Location
State CO
County Weld
Zoning Town Core
Interior
Interior Features Ceiling Fan(s), Entrance Foyer, In-Law Floor Plan, Utility Sink
Heating Baseboard, Heat Pump, Radiant
Cooling Central Air, Other
Flooring Carpet, Vinyl
Fireplace N
Laundry In Unit, Main Level
Exterior
Exterior Feature Garden, Private Yard
Parking Features 220 Volts, Heated Garage, Insulated Garage, Oversized Door, RV Garage
Garage Spaces 17.0
Fence Full
Utilities Available Electricity Available, Natural Gas Available
View City
Roof Type Metal
Total Parking Spaces 17
Garage Yes
Building
Lot Description Landscaped, Level, Sprinklers In Front, Subdividable
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Concrete,Metal Siding
Schools
Elementary Schools Range View
Middle Schools Severance
High Schools Severance
School District Weld Re-4
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with CBRE Inc
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