Jeff Brendel - Coldwell Banker Distinctive Properties
723 S 2nd Street
Olathe, CO 81425

Description

Call for more information on this 8-plex, which is located adjacent to the athletic fields at Olathe High School and Middle School. The units are all uniformly configured, with four units up and four units down. Oversized paved parking. This has been a great investment property for the owners, who are getting to the point in their lives where they no longer want to have a rental! They've always had one tenant act as a type of property manager in exchange for rent, so currently there are eight fully rented units, but seven incomes at $550 per month. The location could not be much better-allowing easy access to highway 50, so that you can head north to Delta and Grand Junction or south toward Montrose, Ouray, Ridgway and Telluride. Kids and teachers who live here easily walk to any of the local Olathe Schools. The athletic fields are ready and waiting for tenants to throw the football with their kids or the tennis ball with their pup!

Details

MLS#742242
Sub-TypeResale
StatusActive
Year1980
Days On Site164

Features

SQ Feet6,000
Units8

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Area Information

StateCO
CountyMontrose
CityOlathe
Zip Code81425
AreaOlathe
Listing VS Median (in 81425)
Price:
$509,000
low | high
Med:
$219,444
100% of Average
SqFt:
6,000
low | high
Med:
3,167
97.225% of Average
$ / SqFt:
$85
low | high
Med:
$87
47.344482325739% of Average
On Site:
164
low | high
Med:
94
100% of Average
Listing Updated: 08/14/2018
MLS Number: 742242
Listing Provided By:
Todd Schroedel  of  United Country Sneffels Realty



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