194 Artesian Dr
Eldorado Springs, CO 80025
- 3 beds
- 3 baths
- – sqft
- ~1/2 acre lot
- 1925 build
- – on site
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Price adjustment on an extraordinary investment opportunity at the entrance of Eldorado Canyon State Park . This 12 unit multi-family property is situated above the iconic Eldorado Pool and steps away from world-class climbing in the State Park. The opportunities are endless with stone cabin bungalows and eclectic units tucked into the side of a hill. The property sits below a climbing backdrop, several of the units have million-dollar views, outdoor flagstone patios, and native vegetation. The water supply is from Eldorado Canyon's artesian spring. Amazing trails and wilderness just steps away into the park, minutes to downtown Pearl Street fine dining, and a quick commute to Denver. The property is fully leased with the opportunity to increase rents and financial performance. Unit breakdown is 5 studio units, 6 1-bedroom units, 1, 2-bedroom unit.
Last checked:
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Last updated Aug 1, 2024
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MLS# 938617 —
The Building
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Year Built:1925
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New Construction:false
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Construction Materials:Moss Rock
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Architectural Style:Cabin
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Total SqFt:5,386 Sqft
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# of Units Total:12
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Roof:Composition
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Levels:5 or More
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Basement:None
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Stories:5
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Patio And Porch Features:Patio
Room Dimensions
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
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Tenant Pays:None
Location
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Directions:From Hwy 93, West on Eldorado Springs Drive, Take small bridge after Eldorado Pool and Property is located on Artesian.
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Coordinates:-105.278701, 39.932585
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Latitude:39.932585
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Longitude:-105.278701
The Property
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Property Type:Residential Income
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Property Subtype:Income Property
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Parcel Number:R0039489
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Lot Features:Sloped
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Lot Size Acres:0.38
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Lot Size SqFt:16,553 Sqft
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Lot Size Area:16553
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Lot Size Units:Square Feet
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Zoning:ER
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View:Mountain(s)
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Possible Use:Single Family
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Exclusions:Tenant's belonging.
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Horse:false
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Waterfront:false
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Road Surface Type:Gravel
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Has Water Rights:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2020
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Tax Annual Amount:$18,907
Beds
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Bedrooms Total:3
Baths
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Total Baths:3
The Listing
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Radiator
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Heating:true
Utilities
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Utilities:Electricity Available
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Electric:Electric, Xcel
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Water Source:District Water, Eldorado Artesian
Appliances
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Appliances:Electric Range/Oven
Schools
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Elementary School:Mesa
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Middle School:Southern Hills
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High School:Fairview
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High School District:Boulder Valley Dist RE2
The Community
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Association:false
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Subdivision Name:Moffat Lakes
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Spa:false
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Senior Community:false
Parking
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Other Parking:Parking Per Unit(1 Space/Unit)
Extra Units
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Total Baths Unit 1:1
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Bedrooms Unit 2:1
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Total Baths Unit 2:1
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Bedrooms Unit 3:2
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Total Baths Unit 3:1
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/22/21
Oct 22, 2021
|
Sold | IRES | $2,563,000 | 93.4% (24.5% / YR) |
|
12/29/17
Dec 29, 2017
|
IRES | $1,325,000 |
