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

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