Sold
Closed
702 MIDLAND Avenue, Units #1-14
Glenwood Springs CO, 81601
$2,800,000
$195.97 per sqft
Sold
Closed
27 Beds
14 Baths
14,288 sqft
Multi-family
Built in 1965
Listed by Sarah Windholz with Crystal Property Mgmt & Sales, Listing Contact: (970) 945-7266
**Exceptional Investment Opportunity at Toboggan Creek Apartments**
Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces.
**Diverse Unit Composition:**
Toboggan Creek Apartments cater to a wide range of housing needs with:
- (2) One-bedroom one level layouts
- (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck
- (3) Two-bedroom one level layouts, including one with an outdoor deck
- (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection.
**Abundant Living Space:**
Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors.
**Scenic Location with Convenient Access:**
Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails.
**Lucrative Investment Potential:**
Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors.
**Contracts and Viewing:**
- **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration.
For comprehensive details or to arrange a private tour, please contact our dedicated listing agent.
Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution.
181623
MLSⓇ ID
December 12, 2023
Listed
October 1, 2024
Updated
Map
702 MIDLAND Avenue, Units #1-14
Glenwood Springs CO, 81601
Interior Features
Bedrooms
27
Total Bathrooms
14
Full Bathrooms
14
Laundry Description
Common Area
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Hot Water, Natural Gas, Forced Air
Exterior/Building Features
Lot Size
1.09 Acres
Lot Features
Landscaped
Architectual Style
Two Story, Ranch
Roof
Membrane
Other Property Details
Area Name
Glenwood Springs
Taxes
$11,628
Tax Frequency
Annually
Association Fee
Not Listed
Garage
No
Parking
Assigned
View
No
County
Garfield
Water Source
Public
Pool
No
Zoning
Residential-High Den
Listing History
Date | Event | Price |
---|---|---|
3/15/2024 | Sold | $2,800,000 |
3/5/2024 | Pending | — |
12/18/2023 | Under contract | — |
12/12/2023 | Active | — |
12/4/2023 | Under contract | — |
The IDX display contains information sourced from the Aspen Glenwood MLS as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Aspen Glenwood MLS all rights reserved.
Data last updated on 10/1/2024 at 9:24 PM UTC