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401 N Commercial St

Trinidad, CO 81082
  • $1,400,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 962125
UPDATED: 6 min ago
$1,400,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,104
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1889
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Exceptional 13,104 square foot commercial/residential building in the heart of Trinidad. This historic building was remodeled with modern conveniences but the charm of the late 1880s. Consisting of 2 commercial first floor spaces and 6 apartments on the 2nd and 3rd floor with refinished hardwood flooring, hot water heat, new appliances, and beautiful vintage base, casing and trim, this is a rare opportunity to own income property in the downtown area. Currently the fully leased building income creates just above 6% CAP rate from net operating income. As a bonus, this building was divided into condominiums in the event the owner chose to sell the units individually. Many photos will be listed on the website to be launched by April 6.

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© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Plains. Data last updated: 2022-05-18T18:40:46.637.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
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401 N Commercial St Trinidad, CO 81082

  • Price: $1,400,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 6 min ago
  • MLS #: 962125
0
Beds
0
Baths
0
½ Baths
0.12
Acres
13,104
SQFT
$107
$/SQFT
1889
Built
Neighborhood:
None
County:
Las Animas
Area:
13 All Others
Elementary School:
Other,Other
Middle School:
Other
High School:
Other
School District:
Trinidad 1
Property Description
Exceptional 13,104 square foot commercial/residential building in the heart of Trinidad. This historic building was remodeled with modern conveniences but the charm of the late 1880s. Consisting of 2 commercial first floor spaces and 6 apartments on the 2nd and 3rd floor with refinished hardwood flooring, hot water heat, new appliances, and beautiful vintage base, casing and trim, this is a rare opportunity to own income property in the downtown area. Currently the fully leased building income creates just above 6% CAP rate from net operating income. As a bonus, this building was divided into condominiums in the event the owner chose to sell the units individually. Many photos will be listed on the website to be launched by April 6.
Exterior Features

Construction Materials Wood/FrameBrick/Brick VeneerStone Exterior Features Lighting Horse YN No Levels Three Or More Lot Features CurbsGuttersSidewalksFire Hydrant Within 500 FeetWithin City Limits Other Parking Parking Per Unit(Less Than 1) Parking Features Alley Access Property Attached YN No Road Frontage Type City Street Road Surface Type PavedConcrete Roof Rubber Spa YN No Structure Type Legal Conforming View City Waterfront YN No

Interior Features

Appliances Electric Range/OvenGas Range/OvenSelf Cleaning OvenDishwasherRefrigeratorWasherDryerMicrowaveDisposal Basement None Flooring Wood Floors Heating Hot WaterBaseboardZonedIndividual Heat Source Heating YN Yes Interior Features Open FloorplanWalk-In Closet(S)9Ft+ CeilingsCrown Molding Living Area Source Assessor Window Features Bay Window(S)

Property Features

Association Fee Includes TrashManagementUtilitiesMaintenance Structure Association YN No Cap Rate 6.22 Ditches Active YN No Electric ElectricCity Of Trinida Exclusions Owner Personal Property Gas Natural GasCity Of Trinida Gross Income 109500 Has Association Fee No Has Association2 Fee No Has Improvements No Has Water Rights No Income Includes Lease/Rents Listing Sub Status None Listing Terms CashConventional Locale Trinidad Net Operating Income 87087 New Construction YN No Operating Expense 22413 Possible Use Multi-FamilyCommercialCommercial Or Industrial Property Condition Not NewPreviously Owned Property Sub Type Commercial Senior Community YN No Sewer City Sewer Special Listing Conditions Private Owner Tax Annual Amount 3003 Tax Year 2021 Tenant Pays Deposit Utilities Natural Gas AvailableElectricity AvailableCable Available Water Source City WaterCity Of Trinidad Zoning Commercial

Listing information © 2022 Information and Real Estate Services
Listing provided courtesy of Doug Petersen of One Premier Properties Limited: 970-763-7542.



© 2022 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Plains. Data last updated: 2022-05-18T18:40:46.637.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
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