$899,000 2754 Downhill Drive Steamboat Springs, CO MLS# 8412708

MLS: 8412708   Type: Income   County: Routt   City: Steamboat Springs   Zip: 80487   Style: Multi-Story     Taxes: $12,824

Mortgage $4,221 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

2

0

7,195

0

1995

Real estate investment property consisting of 3 of the 5 total condos in the Dover Building. Just west of Steamboat, this location offers good visibility in a high traffic area from well traveled Elk River Road. Total of 7,195 SF, one solid tenant in place with ample parking. Below market rent in place with tremendous upside potential when lease renews or new tenants. Cash flows at 7% cap rate with lease in place. Main level is home to functional training facility and a health and nutrition bar along with two restrooms, two overhead doors and several windows with great sunlight. On the mezzanine level there are three finished offices, approximately 1,000 SF of flexible open area and additional storage space. Exterior was just re-stuccoed, painted and parking lot striped. Keep current tenants in place for worry free, income producing property. Tenants manage all expenses and HOA. Excellent option for your 1031 exchange client or part time resident looking for a worry free investment.

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Additional Information 1031 Exchange, Accessible/Handicap Features, Income History Available, Tenant Occupied
Association Fee Annual 7560
Business Type Mixed Use
Capitalization Rate 7.00
Latitude 40.508490
Longitude -106.859087
Parcel Number 183000001, 183000002, 183000003
Property Sub Type Commercial
Property Type Income
Seller Type Corporation/Trust
Status Active
Status Conditions None Known
Survey Improvement Location Cert
Tax Amount 12824.68
Tenant Paid Utilities Electricity, Gas, HOA Fees, Internet, Trash, Water
Terms Offered Cash, Conventional
Total Sq Ft 7195
Transaction Type For Sale
Year Built 1995
Zoning Commercial

Interior Features

Basement Floor Type Concrete Wall, Slab
Basement Size None
Cooling Ceiling Fan, Evaporative Cooler (Swamp)
Flooring Carpet, Concrete, Tile Floor, Wood Floors
Heating Baseboard, Hot Water, Space Heater
Heating Fuel Gas, Hot Water
Interior Features Double Pane Windows, Drive Indoors, Exercise Room, Showroom Area
Total Baths 2.00
Total Units 3

Exterior Features

Construction Materials Stucco
Construction Methods Block, Structural Steel
Exterior Features Heated Gutters, Lighting, Professional Landscaping
Parking Count 25
Parking Features Driveway-Asphalt
Road Surface Paved Road
Roof Other
Site Features Corner Lot
Structural Style Multi-Story
Total Carport Spaces 0
Total Garage Spaces 0
Total Offstreet Spaces 25
Total Reserved Spaces 0
Total Rv Spaces 0
Utility Metering Common Electric, Common Gas, Common Water
View Mountain View

Property Schools



Direct Link:

https://www.previewsteamboathomes.com/property/6-8412708-2754-Downhill-Drive-Steamboat-Springs-CO-80487

Gallery (15 photos)

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Property vs Zip Code Avg (80487)

Price 899K Avg 1.04M

Sqr Feet 7,195 Avg 4,313

Cost / Sqr Ft $125 Avg $242

Taxes $12,824 Avg $9,239

Visits 25 Avg 55

Days on Site 168 Avg 155

Walkscore® 43 Avg 45

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Listing Provided Courtesy Of: COLORADO GROUP REALTY



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Location & Address

Coldwell Banker Distinctive Properties - The Steamboat Luxury Team
350 S Lincoln Ave.
Steamboat Springs, CO
970-306-4816
970-879-0390