1224-1262 Graves Avenue Estes Park, CO $ 6,500,000
1224-1262 Graves Avenue
$ 6,500,000
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1224-1262 Graves Avenue

Estes Park, CO, 80517
$ 6,500,000
Baths0.0 Sq 109,848

Monthly Estimate*

$ 43,201

Listed by Guide Real Estate
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Studio

Commercial Property for sale in Estes Park, CO

for $6,500,000. This 109,848 square foot building was built in 1978 on a lot size of 1.53.

This is a great opportunity to own a tremendous investment property within Estes Park. The complex is home to 36 units, all 2 bed/1 bathroom and current rents are below market value. The Stone Ridge Condominiums are conveniently located minutes from dining, shopping, and Rocky Mountain National Park. Amenities include on site parking and common area washer/dryer hookups in each building. This is an excellent investment with unlimited potential.

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Commercial Pending

Price

$ 6,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 18,551

Style

Traditional

Lot Size

1.53

Year Built

1978

Town/City

Estes Park

County/Region

Larimer

MLS | Web ID

7526794

Features
General
Sewer Public Sewer
Utilities Cable Available Electricity Connected Sewer Connected
Possession Closing/DOD
Roof Composition
Exterior Features Balcony
Garage Spaces 0
Architectural Style Traditional
Security Features Fire Alarm Smoke Detector(s)
Construction Materials Frame Wood Siding
Year Built 1978
Electric 110V
Tenant Pays Cable TV Electricity Gas Internet Telephone Trash Collection
Stories 3
Property SubType Multi-Family
Tax Year 2021
Current Use Multi-Family
Gross Income 395520
Building Name Stone Ridge Condos
County Larimer
Operating Expense 149232
Property Type Commercial Sale
Attached Garage N
Contingency None Known
Building Features Coin Laundry Laundry
Status Pending
Directions Highway 36 to Fish Creek Road south turn west on Brodie Ave to Community Drive turn north to Graves Ave units will be on your left.
City Estes Park
Buyer Agent Compensation 1.5
Total Units 36
Lot Size Square Feet 66822
Carport Spaces 0
Street Name Graves
Listing Terms Cash Conventional
Tax Annual Amount 18551
Lease Considered Y/N N
Structure Type Low Rise (1-3)
Standard Status Pending
Occupancy Type Tenant (Multiple)
Cap Rate 5.75
Buyer Agent Compensation Type %
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Exterior
Parking Features Asphalt Guest
Lot Features Near Ski Area
Water Source Public
Total Parking 72
Lot Size Area 66822
Building Area Total 109848
Lot Size Acres 1.53
Road Surface Type Paved
Lot Size Units Square Feet
Road Frontage Type Public
Road Responsibility Public Maintained Road
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Interior
Street Suffix Avenue
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Internal Only
Street Number 1 1224
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* Excluded Features
List By
Guide Real Estate

Broker

(303) 847-7565

Phone

Affordability Calculator

$44,747
Per Month
97%
3%
0%
Monthly Principal & Interest
$43,201
Monthly Property Taxes
$1,546
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2024$6,500,000 -7.14% Price Down
12/6/2023$7,000,000 Listed Price

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1224-1262 Graves Avenue, Estes Park, CO, 80517 is a Commercial Property for sale at $6,500,000 with 109,848 sqft and a lot size of 1.53. 1224-1262 Graves Avenue is a studio with 0.0 baths and was built in 1978. The property's zip code is 80517 which is in Estes Park, CO