Active
250 Main Street Bldg , Unit
See all 23 Photos Active Limon, CO 80828
MLS# 2269665
Listed by John Sanderson on 11/07/2022
Commercial Property Type
1.03 Acres
41850.00 Sq Ft
1988 Year Built
Business Zoning
Overview
The Coyote East Apartments have been converted to 39 long-term workforce housing & hospitality units for extended stays as well as overnights. This is a great investment opportunity for a high margin, easy to operator, asset in Limon, Colorado. Offering includes 9 RV pad sites which generate ongoing monthly revenue. Adjacent ice cream store is also available as a package. This property is reported to be in an qualifying Opportunity Zone.
New Home Sales Hours
Courtesy Of RE/MAX PEAK TO PEAK
Source: REcolorado
Upcoming Open Houses
Virtual Open Houses
Features
Leasing Information
Leasing Details
- Application Fee $
- Availability Date
- Corporate Rental?
- Deposits Potentially Refundable
- Existing Lease Type
- Lease Amount $
- Lease Description
- Lease Duration
- Liability Insurance Required
- Owner Pays
- Rent Deposit
- Rental Application
- Security Deposit $
Pet Details
- Pet Deposit
- Pet Rent
- Pets Allowed
Interior Features
Summary
- Year Built Effective 2018
Basement Details
- Basement? No
- Basement
- Basement Ceiling Height
Fireplace Detail
- Fireplace Features
- No. of Fireplaces
Square Foot Details
- SqFt 41,850
- Living Area, Finished
- Above grade, Finished
- Basement, Finished
- Basement, Unfinished
- PSF Total $59.74
- PSF Finished $
- PSF Above Grade $
Use details
- Leaseable Area
- Office Area
- Retail Area
- Warehouse Area
Other
- Accessibility Features
- Appliances
- Building Class
- Building Features
- Ceiling Height
- Common Walls
- Exclusions
- Flooring
- Furnished
- Interior Features
- Laundry Availability
- Security Features
- Spa Features
- Window Features
Room Details
Bathroom Details Total Bathrooms:
- Full Baths 1/2 Baths 1/4 Baths 3/4 Baths
- Total Bathrooms
Bathroom Location Details
- Main Level Upper Level Lower Level Basement
Bedroom Location Details Total Bedrooms:
- Main Level Upper Level Lower Level Basement
More Room Details
- Room Level Room Type Room Description Room Width Room Length
Unit Information
Summary
- Number of Units 39
- Number of Units Furnished 39
- Number of Units Vacant 0
- Unit Features
Single Unit Details
- Unit Type Studio
- Total Units 39
- Average Rent
- Average SqFt
- Dishwashers
- Washers
- Dryers
- Hookups
- Refrigerators
- Stoves
- Air Conditions
- Fireplaces
- Storage Units
- Description
- Actual Rent
- Total Rent
- Bedrooms Per Unit
- Bathrooms per Unit
- Parking Per Unit
Exterior/Lot Features
Summary
- Available Elevations
- Entry Location
- Faces
- Horse Amenities
- Horse Property
- Levels
- Stories
- Structure Type Low Rise (1-3)
- Unit Floor #
- View
Builder Details
- Builder
- Completion Time From Groundbreaking
- Model Type
Construction details
- Architecture
- Construction Materials
- Foundation Details
- Roof
Exterior Details
- Dock Features
- Door Features
- Exterior Features
- Fencing
- Number of Docks
- Number of Doors
- Number of Storage Units
- Other Equipment
- Other Structures
- Patio And Porch Features
- Pool Features
- Ski Features
Livable Structure Details
- Type Bedrooms Bathooms Sq Ft Flooring Description
Lot Details
- Acres Leased
- Crop Acres
- Cultivated Acres
- Features
- Irrigated Acres
- Lot Number
- Lot Size Acres 1.03
- Lot Size Dimensions
- Lot Size SqFt 44,866.80
- Sq Ft
- Pasture Acres
- Price Per Acre $2,427,184.47
- Vegetation
- Waterfront Features
Mobile Details
- Make
- Model
- Body Type
- Exterior Dimensions x
- Skirt
Outbuilding details
Road details
- Access Public Road
- Road Responsibility
- Road Surface Paved
Parking/Garage
Parking Space Summary
- Parking Features
- Total Parking Spaces 50
- Garage Spaces
- Total Carport Spaces
- Total Offstreet Spaces 50
- Total Reserved Spaces 0
- Total RV Spaces 0
Parking Space Details
Utilities & Green Home Features
Summary
- Cooling
- Green Energy Efficient
- Heating
- HVAC Description
Green Ratings
- Green Certification Level Certified Year Certified Score
Power Production Details
- Type Size Year Installed Ownership Lease Amount Purchase Agreement Amount
Sewer
- Sewer Public Sewer
- Sewer Fee
- Sewer Tap Paid YN
Utilities details
- Electric Service
- Gas Tap Fee
- Gas Tap Paid YN
- Utilities
Water / Well
- Irrigation Source
- Issued Well Permit Numbers
- Water Available 1
- Water Source Public
- Well Type
- Well Usage
- Water Fees
- Water Tap Paid?
- Water/Mineral Rights
Association Information
HOA Summary
- Amenities Completed
- Amenities Opening
- Association Amenities
- Association(s) No
- HOA Fee Includes
- Total Annual HOA Fees $0
Financial Considerations
Summary
- Cap Rate 7.25
- Cap Rate Calculation
Actual expense details
- Operating Expense $216427.00
Commission Information
- Buyer Agency Compensation 3%
- Compensation Offered
- Dual Variable Compensation No
- Commission Modified
- Closing Comments
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Income details
- Actual Annual Net Income $198,682
- Gross Income $415,110
- Income Includes
- Income Includes Description
Landleasing details
- Land Lease Amount
- Land Lease Amount Frequency
- Land Lease?
Projected
- Other Annual Income $
- Potential Rental Income Annual $
- Projected Annual Expense $
- Projected Annual Net Income $
- Projected Gross Income $
- Projected Gross Operating Income $
- Projected Gross Scheduled Income $
- Vacancy Credit Losses
Tax details
- Annual Tax $15,029
- Legal Description A PARCEL OF LAND IN BLK.2, RATLIFF ADD. TO THE TOWN OF LIMON , ACCORDING TO THE PLAT THEREOF RECORDED IN BK 229, PAGE 266, LINCOLN COUNTY RECORDS. A/K/A TRACT 2; BLK. 2; RAT-LIFF ADDITION TO THE TOWN OF LIMON, CO. OF THE LINCOLN COUNTY ASSESSOR LAND RECORDS FILED: LODGING/MOTELS
- Tax Exemptions
- Tax ID 258516302007
- Tax Year 2020
Other
- Tenant Pays
- Utilities Metering
- Utilities Paid By Tenant
Neighborhood
Summary
- Building Name Coyote East Apartments
- Development Name
- Park Name Coyote East
- Senior Community No
- Subdivision
New Home Community
Zoning Details
- Current Use Multi-Family
- Incorporated? No
- Zoning Business
- Zoning Jurisdiction
Other
Business Details
- Business Amenities
- BusinessDescription
- BusinessType
- Year Established
History
- Original List Price $2,750,000
Partial Ownership Details
- Partial Ownership Amount
- Week Remarks
- Weeks Available
Other
- Home Warranty
- Ownership
- Possession Closing/DOD
- Special Listing Conditions
- Year Built 1988
This REALTOR? is a member of the National Association of REALTORS?
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School Zone
District:
Schools: Elementary School, High School, Middle School
Area Map
Walk Score
Bike Score
0
description
Transit Score
0
description
summary
Walk Score
0
description
Demographics
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