298 Park Ave,Pagosa Springs, CO 81147
Pagosa Springs, CO 81147
Description
Rare Pagosa Springs triplex offering strong income at under $190 per square foot. 298 Park Avenue includes three separate 2-bedroom, 2-bath units, each with its own garage, on nearly half an acre. Built in 2000, the property features low-maintenance stucco siding, a durable metal roof, attractive landscaping, and a well-kept overall condition. The property has maintained nearly 100% occupancy during the seller's ownership and currently produces a cap rate of over 7% based on existing income and expenses. Tenants pay their own electric and gas, helping keep owner operating costs lower and the income stream strong. Currently the only triplex on the market in Pagosa Springs, this is a difficult-to-replace multifamily opportunity. With six total bedrooms, six total bathrooms, three garages, proven rental demand, low-maintenance construction, and a price of less than $190 per square foot, 298 Park Avenue stands out as a compelling investment in one of Southwest Colorado's most desirable mountain communities
Details
| MLS # | 839234 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $365 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2000 |
| Days On Site | 41 |
| Listing Provided By | Best of Pagosa Springs | Michael Knapp |
Features
| Bath(s) | 6 Total |
|---|---|
| SQ Feet | 4,012 |
| Garage | 4 |
| Story(s) | 1 |
| Units | 3 |
| Zoning | Residential Multi Family |
| Acreage | 0.44 |
Interior
| Interior Features | Main Level Primary |
|---|---|
| Furnished | Unfurnished |
Exterior
| Roof | Metal |
|---|---|
| Lot Features | Adjacent To Open Space |
Parking
| Garage Yes / No | Yes |
|---|---|
| Attached Garage Yes / No | Yes |
| Parking Features | Attached, Garage, Two Spaces |
Other
| List Aor | Pagosa Springs Area Assn Of Realtors |
|---|
Area Information
| State | CO |
|---|---|
| County | Archuleta |
| City | Pagosa Springs |
| Zip Code | 81147 |
| Area | PS03 (Pagosa Lakes) |
| Community Name | Lakewood Village 03 Cnty Code 00289 |
| School District | Pagosa Springs 9-12 |
| Elementary School | Pagosa Springs K-4 |
| High School | Pagosa Springs 9-12 |
| Listing VS Median (in Lakewood Village 03 Cnty Code 00289) | |
Price: $730,000 low | high Med: $689,000 sqft: 4,012 low | high Med: 1,738 $ / sqft: $182 low | high Med: $396 On site: 41 low | high Med: 129 | |
Market Activity 81147
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Learn More About This Property
| State | CO |
|---|---|
| County | Archuleta |
| City | Pagosa Springs |
| Zip Code | 81147 |
| Area | PS03 (Pagosa Lakes) |
| Community Name | Lakewood Village 03 Cnty Code 00289 |
| School District | Pagosa Springs 9-12 |
| Elementary School | Pagosa Springs K-4 |
| High School | Pagosa Springs 9-12 |
| Listing VS Median (in Lakewood Village 03 Cnty Code 00289) | |
Price: $730,000 low | high Med: $689,000 sqft: 4,012 low | high Med: 1,738 $ / sqft: $182 low | high Med: $396 On site: 41 low | high Med: 129 | |