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 6.7% 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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8BEDS
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N/AACRES
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10BATHS
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01/2 BATHS
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13,104SQFT
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$99$/SQFT
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 6.7% 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.
© 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: 2022-09-30T15:23:16.323.