702 MIDLAND Avenue Units #1-14, Glenwood Springs, CO 81601 (MLS# 181623) -

702 MIDLAND Avenue Units #1-14, Glenwood Springs, CO 81601

$2,800,000

Exterior View Units: Upper Floor Units #02-#04; Lower Floor Units #01 & #05

Exterior View Upper Floor Unit #04; Lower Floor Unit #05

Exterior View of Units #8-#13 with Unit #14's entrance in the rear

Exterior Back Entrance to Unit #8 & Unit #9 with Staircase Leading to Garden Level Unit #14

Living Room/Dining Room - 2BD Townhome Layout

Living Room/Dining Room/Kitchen - 2BD Townhome Layout

Stairs - 2BD Townhome Layout w/ Bedrooms & Bathroom Upstairs

Kitchen & Dining Area - 1BD -One Level Layout

Entrance to Onsite Coin Operated Laundry Facility & Storage Units

View of lower parking area, common area, and entrance to onsite coin operated laundry facility and storage units

Onsite Storage Units Located in Laundry Facility

Property Type: Residential Bedrooms: 27 Baths: 14 Square Footage: 15,245 Lot Size (sq. ft.): 47,306 Status: Closed

Current Price: $2,800,000 List Date: 12/12/2023 Last Modified: 9/01/2024

Overview

Description

**Exceptional Investment Opportunity at Toboggan Creek Apartments** Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces. **Diverse Unit Composition:** Toboggan Creek Apartments cater to a wide range of housing needs with: - (2) One-bedroom one level layouts - (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck - (3) Two-bedroom one level layouts, including one with an outdoor deck - (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile h ... (Read more) **Exceptional Investment Opportunity at Toboggan Creek Apartments** Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces. **Diverse Unit Composition:** Toboggan Creek Apartments cater to a wide range of housing needs with: - (2) One-bedroom one level layouts - (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck - (3) Two-bedroom one level layouts, including one with an outdoor deck - (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection. **Abundant Living Space:** Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors. **Scenic Location with Convenient Access:** Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails. **Lucrative Investment Potential:** Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors. **Contracts and Viewing:** - **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration. For comprehensive details or to arrange a private tour, please contact our dedicated listing agent. Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution.

Listing Details MLS# 181623

Location Info

Type: Residential Income
Major Area: Glenwood Springs
Area: 09-Glenwood Proper
Original List Price: 3350000
Asking Price: 3350000
Street #: 702
Street Name: MIDLAND
Street Suffix: Avenue
Address 2/Unit #: Units #1-14
City/Town: Glenwood Springs
State/Province: CO
Postal Code: 81601
Furnished: Unfurnished
Lot Fee: 0

Keywords Info

Total Baths: 14
Baths - Full: 14
Acreage: Refer to Lot Size
Pre-Fabricated Home: No

Listing Info

New Construction: No
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Glenwood Association
County: Garfield
ADU: No

General Info

Sub/Loc: Midland
Legal: REFERENCE EXCLUSIVE BROKERAGE LISTING ADDENDUM TO EXCLUSIVE RIGHT-TO-SELL for parcel (2) Legal Descriptions
Zoning: Residential-High Den
Nbr of Acres: 1.09
Lot SqFt: 47306
Lv Ht SqFt: 14288
LvHtSqFt (Abv Grnd): 13360
LvHtSqFt (Blw Grnd): 928
Unfinished SqFt: 957
Total SqFt: 15245
Price/LvH SqFt: 234.46
ud_i_02: 2
Main Floor Primary Bedroom: No
Year Built: 1965
Parcel #: 218509300005
Directions: From Midland Avenue turn into Toboggan Creek Apartments

Financing Info

Metro Tax District: No
Taxes: 11628.2
Tax Year: 2022
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Total HOA Fee Per Year: 0

Status Change Info

Under Contract Date: 2023-12-17
Proposed Close Date: 2024-03-15
Sold Date: 2024-03-15
Sold Price Per/SF: 195.97
How Sold: Other

More Information

Remarks

Public Remarks: **Exceptional Investment Opportunity at Toboggan Creek Apartments** Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces. **Diverse Unit Composition:** Toboggan Creek Apartments cater to a wide range of housing needs with: - (2) One-bedroom one level layouts - (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck - (3) Two-bedroom one level layouts, including one with an outdoor deck - (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection. **Abundant Living Space:** Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors. **Scenic Location with Convenient Access:** Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails. **Lucrative Investment Potential:** Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors. **Contracts and Viewing:** - **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration. For comprehensive details or to arrange a private tour, please contact our dedicated listing agent. Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution.

Electric

Yes: Public
No: Yes

Laundry Facility

Common Area: Yes

Style

Ranch: Yes
Two Story: Yes

Construction

Frame: Yes
Other: Yes

Condition

Good: Yes

Cooling

None: Yes

Basement/Substructure

Crawl Space: Yes
Finished: Yes
Garden Level: Yes
Slab: Yes
Unfinished: Yes
Walk-Out Access: Yes

Gas

Natural Gas: Yes

Parking Area

Assigned: Yes
None: Yes

Roof

Membrane: Yes

Water

Public: Yes

Carport

None: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Landscaping: Yes
Patio/Deck: Yes

Mineral Rights

No: Yes

Heating

Forced Air: Yes
Hot Water: Yes
Natural Gas: Yes

Terms Offered

Cash: Yes
New Loan: Yes

Possession

DOD: Yes

Inclusions

Range: Yes
Refrigerator: Yes

Sign

No: Yes

Property Features

Laundry Facility: Common Area Style: Ranch; Two Story Construction: Frame; Other Roof: Membrane Condition: Good Heating: Forced Air; Hot Water; Natural Gas Electric: No Gas: Natural Gas Water: Public Cooling: None Sanitation: Sewer Carport: None Parking Area: Assigned; None Possession: DOD Extras: Landscaping; Patio/Deck Terms Offered: Cash; New Loan Mineral Rights: No Water Rights: No Sign: No Inclusions: Range; Refrigerator

Listing Office: Crystal Property Mgmt & Sales

Last Updated: September - 01 - 2024

Broker Attribution: (970) 945-7266

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