201 E South 1st Street

201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. These units feature a unique mix consisting of (4) 1Br/1Ba units, (6) 2Br/1Ba units, and (3) 3Br/1Ba units. This turn-key investment is in excellent condition and requires little to no capital injection. Current ownership has updated the majority of the electrical panels in the units, installed a new roof and gutters (2017), and recently installed a new boiler. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow. PROPERTY HIGHLIGHTS: Turn-Key Asset with 12 out of 13 units fully renovated; Updated Windows, Two New High-Efficiency Boilers with Water Storage Tanks (2021), New Exterior Paint (2023) and Landscaping (2024); 13 Surface Parking Spots; In the Heart of Downtown Johnstown with the Ability to Walk to Numerous Restaurant and Retail Stores; Large Storage Units in Basement that Currently Provide Additional Income

Listing Office: Pinnacle Real Estate Advisors

Essential Information

MLS® #7942349
Price$2,400,000
Bathrooms0.00
Square Footage15,996
Acres0.61
Year Built1920
TypeCommercial Sale
Sub-TypeMulti-Family
StatusActive

Community Information

Address201 E South 1st Street
CityJohnstown
CountyWeld
StateCO
Zip Code80534

Amenities

Parking Spaces13

Additional Information

Date ListedOctober 31st, 2024

Listing Details

Pinnacle Real Estate Advisors

Office Contact

jknowlton@pinnaclerea.com,303-962-9543

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Listing information last updated on November 23rd, 2024 at 6:48am MST.

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201 E South 1st Street, Johnstown, CO – $2,400,000