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Sold for $2,800,000
  • $2,800,000

    702 Midland Ave Unit 1-14, Glenwood Springs, CO 81601

    27beds
    14,288sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $3,459,500 Zestimate®
    $196/sqft
    $2,026 Estimated rent

    Home value

    $3,459,500

    $2.98M - $4.01M

    $2,026/mo

    Zestimate® history
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    What's special

    Excellent transportation linksOutstanding educational institutionsRetail destinationsColorado riverOutdoor deckCozy back deckGuest spaces
    **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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Windholz (970)945-7266,

    Crystal Property Mgmt & Sales

    Bought with:

    Bradley Plantz, FA100000127

    Sopris Realty LLC

    Source: AGSMLS,MLS#: 181623

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 27
    • Bathrooms: 14
    • Full bathrooms: 14
    Heating
    • Hot Water, Natural Gas, Forced Air
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Basement: Unfinished,Finished,Walk-Out Access,Crawl Space
    Interior area
    • Total structure area: 15,245
    • Total interior livable area: 14,288 sqft
    • Finished area above ground: 13,360
    • Finished area below ground: 928

    Property

    Parking
    • Parking features: None, Assigned
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 1.09 Acres
    • Features: Landscaped
    Details
    • Parcel number: 218509300005
    • Lease amount: $0
    • Zoning: Residential-High Den

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family
    Materials
    • Other, Frame
    • Foundation: Slab
    • Roof: Membrane
    Condition
    • Good
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Water: Public

    Community & HOA

    Community
    • Subdivision: Midland
    Location
    • Region: Glenwood Springs

    Financial & listing details

    • Price per square foot: $196/sqft
    • Annual tax amount: $11,628
    • Date on market: 12/12/2023
    • Listing terms: New Loan,Cash
    • Inclusions: Refrigerator, Range

    Price history

    DateEventPrice
    3/15/2024Sold$2,800,000-16.4%$196/sqft
    Source: AGSMLS #181623 Report a problem
    3/5/2024Pending sale$3,350,000$234/sqft
    Source: AGSMLS #181623 Report a problem
    12/18/2023Contingent$3,350,000$234/sqft
    Source: AGSMLS #181623 Report a problem
    12/12/2023Listed for sale$3,350,000$234/sqft
    Source: AGSMLS #181623 Report a problem
    12/4/2023Contingent$3,350,000$234/sqft
    Source: AGSMLS #181623 Report a problem
    11/7/2023Listed for sale$3,350,000$234/sqft
    Source: AGSMLS #181623 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 81601

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $3,459,500
    2% more
    +$69,190
    With Zillow Showcase(estimated)
    $3,528,690
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $3,459,500
    2% more
    +$69,190
    With Zillow Showcase(estimated)
    $3,528,690