Map of Property

1425 Atchison Ave

For Sale

1425 Atchison Ave, Trinidad, CO 81082

This Trinidad property for sale is located at 1425 Atchison Ave. The current listed sale price for 1425 Atchison Ave is $3,200,000. 1425 Atchison Ave is situated on a lot that is 1.7 acre in size.

Contacts

broker
Holly Trinidad

Hoff & Leigh

broker
Kenny Juarbe

Hoff & Leigh

Property Details

  • Property Type Multi-Family
  • Property Size 26,000 SF
  • Lot Size 1.7 Acre
  • Cap Rate % 7
  • NOI / YR $223,848.00
  • Additional Rent Contact for pricing
  • Date Updated Dec 11, 2024

The Evergreen Apartments is a 24-unit multi-family property located just west of downtown Trinidad, Colorado.    The Evergreen is well maintained and has recently received capital improvements including the installation of a modern steel handrail system, and a new roof (2022). The Evergreen is positioned for an investor seeking current income and long-term capital appreciation. The property is an immediate 7.00% cap rate with the ability to raise rents by converting units to service shorter term “Workforce Housing.”    Originally constructed in 1995, the 3-building complex sits on 1.7 acres and boasts expansive 360 degree mountain views. The property has 24 apartments – (10) two-bedroom units and (14) three-bedroom units. The 2 bedroom units are 1,000 sf and the 3 bedroom units are 1,200 sf. The current gross monthly rent is $31,250. There is an assumable loan in the amount of $1,519,000 at 3.87% interest rate. Annual property taxes are $8,000 and the annual property insurance premium is $28,000.

Quick Access to I-25 ■ Assumable Loan at 3.87% ■ Large Units (10) 2 Bed/1 Bath 1,000 SF, (14) 3 Bed/1 Bath 1,200 SF ■ Recent Capex Expenditures (Roof, Outer Steel, Parking Lot) ■ High Occupancy   

 

 

 

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Getting around

  • 17/100

    Walk Score ®

  • 11/100

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Location

  • City Trinidad, CO
  • Zip Code 81082
  • Market Denver

Points of Interest

  • Conoco

    0.89 miles

  • Exxon

    0.97 miles

  • Shell

    0.97 miles

  • Safeway

    0.99 miles

  • Gasamat

    2.08 miles

  • Electrify America Walmart 962

    2.24 miles

  • Tesla Supercharger

    2.51 miles

  • Wormhole Loop Trailhead

    1.66 miles

  • Chain-Up Area

    2.31 miles

  • Fishers Peak State Park Trailhead

    4.15 miles

  • Trinidad Inn & Suites

    0.98 miles

  • Days Inn

    0.99 miles

  • Savoy Hotel Trinidad Colorado

    1.17 miles

  • Hilton Garden Inn Trinidad Downtown

    1.25 miles

  • Tarabino Inn

    1.46 miles

  • Downtown Motel

    1.52 miles

  • Trail's End Motel

    1.58 miles

  • Frontier Motel

    1.88 miles

  • La Quinta Inn

    2.06 miles

  • Super 8

    2.09 miles

  • Natural Food Store

    0.80 miles

  • Safeway

    1.04 miles

  • Walmart Supercenter

    2.16 miles

  • Bealls

    2.18 miles

  • Sears

    2.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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