148 W Park Ave

Empire, CO 80438 View Map $995,000 Schedule a Tour
Sq.Ft.4,893
Year1890

E&V Real Estate Advisors

(970) 925-8400

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Status: Active
Property Type:Commercial
MLS #:184216
Sq. Feet:4,893
On Site:26 Days
Lot Size:71,438 Sq. Ft.
County:Clear Creek
Located in the heart of Empire, Colorado, Victorian Village offers a unique investment opportunity at 148 W. Park Ave. This distinctive multifamily complex is spread across a 1.64-acre site and features nine well-appointed units, including charming stick-built homes and duplexes, plus three mobile home slips. With a strong current occupancy of 88.9%, Victorian Village showcases its potential with minimal leasing efforts needed.

This property is truly unique in the market, blending a mix of traditional apartments and RV/MH sites. It stands out with its historical charm and consistent income stream, making it an attractive option for someone to convert from long term rentals to short term. Ideal for investors seeking a property that combines historical allure with modern functionality, Victorian Village promises reliable income potential in a picturesque setting.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
7/10/2024$1,050,000$995,000-5.2%

Community Information

Address:148 W Park Ave, Empire, CO 80438
Major Area:Out of Area
City:Empire
Subdivision:Out Of Area
Zip Code:80438

Property Features

Lot Size: 1.64 Acres / 71,438 Sq. Ft.
Lot Description: High Traffic Loc, Highway Access
Water: Public
Sanitation: Sewer
Zoning:MH
Directions:Exit I-70 at US 40, proceed north through Empire, property is on the left heading out of town.

Tax and Financial Info

Tax Year: 2024
Tax Annual Amount: $3,477
Listing Terms: Owner Finance, Joint Venture, Cash
Net Income: $76,099
Possession: DOD
Legal Description: Subdivision: EMPIRE Block: 17 Lot: 3 & IMPS 363/399 444/864 447/308 493/606
Documents on File: Appraisal, Financials, Leases, SurveyILC

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148 W Park Ave Empire,  CO 80438
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148 W Park Ave Empire, CO 80438
 
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Listing Information Last Updated 7/12/2024
Listing provided courtesy of Engel & Volkers (970-925-8400).
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Engel & Volkers Aspen-Roaring Fork are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.