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Cascade Apartments 60 Cascade Ave

4 Unit Apartment Building $717,777 ($179,444/Unit) Alamosa, CO 81101

Investment Highlights

  • Shared Yard
  • Recently updated
  • Near River & nature trails

Executive Summary

Calling all Investors! Own a piece of Alamosa's vibrant cultural scene with this completely updated 4-unit apartment building. This turnkey property boasts a robust rental history in a convenient location near Cole Park and Cattails Golf Course. Seller is offering a 20,000 Seller Concessions for exterior or other improvements and 6-month lease & property management included if the Contract to Buy is executed prior to 12/31/2024. Concession is contingent upon the Buyer purchasing 60 & 62 Cascade Ave. Upstairs there are 2-bedroom units and comfortable 1-bedroom apartments on the lower floor, all featuring a refresh. The kitchen has all the basic appliances and a dishwasher included for tenant convenience. No need to make trips to the laundromat, there is a washer and dryer in each apartment. Bonus! Seller concession available for exterior improvements or interest rate buy down. Inquire for details. Double The Opportunity! The adjacent property at 62 Cascade Ave, a single family 4 bedroom, 2 bath home, is also available. This presents a unique chance to capitalize on Alamosa's booming market with both the apartment building and the adjacent home. Beyond the property, Alamosa offers a unique blend of small-town charm and outdoor adventure. Recently named USA Today's Reader's Choice Winner for Best Small Town Cultural Scene, the area boasts a thriving arts scene, exciting events, and a rich heritage. Investors will further appreciate Alamosa's growing popularity as a tourist destination, with easy access to Great Sand Dunes National Park and a variety of outdoor adventures. Don't miss out on this income-generating gem! Schedule a showing today.

Property Facts

Price $717,777
Price Per Unit $179,444
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.20 AC
Building Size 3,456 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1915/2023
Parking Ratio 1.16/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Dishwasher
  • Washer/Dryer
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Range
  • Yard

Site Amenities

  • Furnished Units Available
  • Trash Pickup - Curbside
  • Walking/Biking Trails

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 - 713
2+1 2 - 713
  • Listing ID: 32129235

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 60 Cascade Ave, Alamosa, CO 81101

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