South Fork, CO 81154,49 Buck ST
South Fork, CO 81154,49 Buck ST
South Fork, CO 81154,49 Buck ST
20
$525,000
$536,000
2.1%
Est.Price: ?

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1 Acres Lot

49 Buck ST South Fork, CO 81154

Est. payment /mo
SOLD DATE : 10/29/2021

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Key Details

Sold Price $525,000

Property Type Commercial Sale

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 2207952

Year Built 1977

Annual Tax Amount $221

Tax Year 2019

Lot Size 1.000 Acres

Property Description

LOCATION: This prime property is located in South Fork, Colorado, on US Hwy 160. The lovely mountain town of South Fork offers shopping, restaurants, repairs, lumber yard, ATV dealers/rentals and small grocery store.
DEEDED ACRES: There are two lots with approximately 1 acre M/L.
EXTRA LOT: There is an extra lot adjoining west of the building that goes with the property. You can build apartments, another building or add-on utilizing this Lot.
BUILDING: The Building is 4028 sq. ft. with an additional 718 sq. ft. Mezzanine area and is log & log siding with concrete sidewalks. The location has excellent visibility from U.S. Hwy 160, with a traffic count over 6,000 cars per day. There are two bathrooms, a kitchen, offices, loading/receiving door in the main rental where the Light House is located and each of the 3 remaining rentals have their own bathrooms.
WATER AND SEWER: The property is served by a Well #40900-A. Sewer is on South Fork Water and Sanitation.
RENTAL UNITS WITHIN BUILDING: There are currently 4 rental units within the building, but one more can be added by installing a doorway, which will close off part of a retail space currently used by owner.
RENTS: All renters have signed a current one year lease and will be subject to a sale.
Mountain Light House $1,800 per month.
Small office $300 per month.
Large office $500 per month.
Additional retail space $600 per month.
Total Rents = $3,200 per month.
EXPENSES: Annual property tax = $5,112.40 for 2019.
Utilities are approximately $300 per month and are pro-rated with the 4 renter?s spaces. NOTE (This is an average, winter months are higher and summer months are very low.)
Total estimated Utilities = $3,600 annually.
Dumpster for Trash = $80 per month.

TOTAL EXPENSES ESTIMATED: $9,672.40 (Utilities are divided among tenants each month.)
TOTAL INCOME $38,400.00

ESTIMATED RECAP RATE OF 5.35% ANNUALLY.

Location

State CO

County Rio Grande

Zoning Commercial

Building

Water Well

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REColorado (REColorado MLS)
Listed by Steffens and Company Realty Inc.
Bought with NON MLS PARTICIPANT

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Robert Hryniewich

Broker Associate | FA039371

+1(303) 564-8900

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