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403 N Commercial St

Trinidad, CO 81082
  • $1,400,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 22-302
UPDATED: 10 min ago
$1,400,000
  • 10
    BEDS
  • N/A
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
  • 13,104
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1889
County:
Area:

School Ratings & Info

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.

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© 2022 Spanish Peaks MLS. All rights reserved. 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 Bachman & Associates. Data last updated: 2022-05-20T07:23:26.203.
www.southerncoloradoproperty.com/homes/127332680
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403 N Commercial St Trinidad, CO 81082

  • Price: $1,400,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 10 min ago
  • MLS #: 22-302
10
Beds
10
Baths
0
½ Baths
N/A
Acres
13,104
SQFT
$107
$/SQFT
1889
Built
Neighborhood:
No Subdivision
County:
Las Animas
Area:
Trinidad
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.
Exterior Features

Garage Type None Lot Description Corner Lot Road Paved Siding Brick

Interior Features

Appliances DishwasherDryerElectricRange OvenGasRefrigeratorWasher Fireplace None Flooring CarpetVinylWood Heating GasHot Water Baseboard Interior Ceiling FanSmoke Detector Sq Ft Above Grade 8736.00 Windows Blinds

Property Features

Construction Type BrickFrame Documents House PlansLease Gas Natural Gas Other Utilities Cable TvTelephone Restrictions No Sewer City Tax Year 2021 Taxes 3003.20 Water City Water Heater Gas Zoning High Density Residential

Listing information © 2022 Spanish Peaks MLS.
Listing provided courtesy of One Premier Properties Ltd.



© 2022 Spanish Peaks MLS. All rights reserved. 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 Bachman & Associates. Data last updated: 2022-05-20T07:23:26.203.
 
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Bachman & Associates
222 S. Main Street
La Veta CO, 81055