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$ 695,000
Est. payment | /mo
1,800 SqFt
$ 695,000
Est. payment | /mo
1,800 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $386
MLS Listing ID 3123499
HOA Y/N No
Year Built 1965
Annual Tax Amount $1,346
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
629 Chestnut Street offers a rare small multifamily investment in the heart of Leadville, Colorado, with strong value-add potential and a desirable corner lot location. Built in 1965 and comprising five total units across 1,800 square feet of building area, the property includes three studio units and two 1Bd/1Ba units. Situated on a 3,354-square-foot corner lot and zoned TR (Transitional Residential), this property provides an excellent opportunity for investors to modernize and improve rents or explore redevelopment pathways over time. The TR zoning allows for a variety of residential uses and supports incremental growth in one of Colorado's most active mountain towns. With its central location, walkability, and proven demand, 629 Chestnut Street is an ideal opportunity for investors seeking upside in a compact, well-located asset.
Location
State CO
County Lake
Zoning TR
Interior
Fireplace N
Exterior
Garage No
Building
Sewer Public Sewer
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by NorthPeak Commercial Advisors, LLC