Robert Yazbeck - Coldwell Banker Distinctive Properties
521 Walsen Avenue
Walsenburg, CO 81089

Description

The Villagio is a 22-unit apartment building consisting of 5 efficiency units, 6 studios, 10 one-bedroom and 1 two-bedroom units. It is currently master-leased on a month-to-month basis to Colorado Caring, a non-profit primarily serving low-income senior citizens. A new owner would have the option to re-sign this lease for a completely 'hands-off' investment, as Colorado Caring is handling management, tenant placement, accounting, etc. Or, with more aggressive management, revenue could be increased. Current tenant leases include electricity, gas, water, sewer, trash, basic cable, laundry and WIFI (supplied by Colorado Caring). Building square footage in public records is incorrectly listed as 1,632 sf on main level plus 1,632 sf basement (believed to be the square footage of the 4-unit only). Square footage listed here is based on seller's best estimate. Information believed to be accurate but not guaranteed. Prospective buyer to verify square footage, zoning, etc.

Details

MLS#3138909
StyleIndustrial
Sub-TypeResale
StatusActive
Year1918
Days On Site62

Features

SQ Feet10,632
Story(s)1
Units22
ZoningCommercial

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Area Information

StateCO
CountyHuerfano
CityWalsenburg
Zip Code81089
AreaHuerfano
Listing VS Median (in 81089)
Price:
$560,000
low | high
Med:
$89,950
100% of Average
SqFt:
10,632
low | high
Med:
0
100% of Average
$ / SqFt:
$53
low | high
Med:
$0
100% of Average
On Site:
62
low | high
Med:
285.5
21.716287215412% of Average
Listing Updated: 01/22/2019
MLS Number: 3138909
Listing Provided By:
Eva Bentz  of  National Investor Realty
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