629 Chestnut Street offers a rare small multifamily investment in the heart of Leadville, Colorado, with strong value-add potential and a desirable corner lot location. Built in 1965 and comprising five total units across 1,800 square feet of building area, the property includes three studio units and two 1Bd/1Ba units.… Read More Situated on a 3,354-square-foot corner lot and zoned TR (Transitional Residential), this property provides an excellent opportunity for investors to modernize and improve rents or explore redevelopment pathways over time. The TR zoning allows for a variety of residential uses and supports incremental growth in one of Colorado’s most active mountain towns. With its central location, walkability, and proven demand, 629 Chestnut Street is an ideal opportunity for investors seeking upside in a compact, well-located asset. Read Less
Current Use: "Multi-Family", Property Sub Type: Multi Family, Zoning: TR
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: 1346, Legal Description: LOTS 17 & W12.5' LOT 18 BLK 9 ORO ADDITION, 419/242 387/218 419/175 322/245 348/346, 597/411-2 597/410 600/10-1 600/741 600/948 614/414-5, 614/416-7 347589 347591, 1 OF 5 UNITS DESTROYED BY FIRE 10/17/2016, $4569, DISCOUNT GIVEN FOR THIS UNIT (20% OF VALUE, 104, DAYS GIVEN FOR DISCOUNT) 11/3/2016 SM, Tax Year: 2024
Utilities
Water Included
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