$1,475,000

410 Tucker Street

Craig CO, 81625

Description

Alpine Apartments (“Alpine”) is a fully stabilized 35-unit apartment complex consisting of two buildings. Alpine’s ideal location at 410 E. Tucker Street, and along US HWY 40, provide tenant’s easy access to either downtown Craig or to surrounding Steamboat Springs. The complex offers outdoor covered parking, laundry facilities, onsite management & maintenance staff, and 26 fully furnished apartments. To create a strong tenant mix the in-place manager has developed a working relationship with Memorial Regional Health, Peabody Coal, and Tri-State Generation & Transmission to fulfill their employee housing needs. Since 2015 ownership has spent approximately $125,000 in apartment upgrades. They have also recently implemented that all tenants have a credit card on file to simplify rent payments and new tenants be billed for their electricity usage. Each apartment is an individually mapped condominium unit providing an alternative exit strategy by way of individual condo sales

Details

MLS#9614042
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1974
Days On Site125

Features

SQ Feet32,250
Story(s)0
ZoningCommercial Downtown

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Area Information

StateCO
CountyMoffat
CityCraig
Zip Code81625
Listing VS Median (in 81625)
Price:
$1,475,000
low | high
Med:
$297,000
100% of Average
SqFt:
32,250
low | high
Med:
2,441
100% of Average
$ / SqFt:
$46
low | high
Med:
$123
100% of Average
On Site:
125
low | high
Med:
133.5
93.632958801498% of Average
Listing Updated: 12/06/2019
MLS Number: 9614042
Listing Provided By:
Erich Schmidt  of  NAI MOUNTAIN COMMERCIAL