629 Chestnut Street

Leadville, CO 80461
Square Ft.
1,800
$650,000
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 MoreRead Less
Market LogoCourtesy of NorthPeak Commercial Advisors, LLC [email protected]
Listing Snapshot
Days Online
157
Last Updated
Property Type
Multi Family
Square Ft.
1,800
Year Built
1965
MLS Number
3123499
30 Days Snapshot Of 80461
$607k
-2%
(avg) sold price
13
+30%
homes sold
156
+56%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Effective Year Built: 1965, Total Area: 1800, Unit Count: 2, Unit Types: "Array", "Array", Built in 1965, 5 total units
Expenses
Operating Expense Includes: "Insurance", "Maintenance", "Professional Management", "Real Estate Tax", "Utilities", Operating Expense: $15,339, Projected Annual Expense: $16,423
Home Owner's Association
Association Fee Total Annual: $0, Association Fee Annual: 0.00, Association Fee 2 Annual Expense: 0.00, Association Fee 3 Annual Expense: 0.00
Income
Actual Annual Net Income: 43941.00, Gross Income: $59,280, Projected Annual Net Income: $48,557, Projected Gross Income: $64,980
Lot
Parcel Number: 263326204004
Parking
Parking Total: 0, Carport Spaces: 0, Offstreet Spaces: 0, Reserved Spaces: 0, RV Spaces: 0, Parking Count: 0
Property
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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Sarah Manshel
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Listings courtesy of METROLIST, INC., DBA RECOLORADO® as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.