2812 West Colorado Avenue is for sale. The asking price is $950,000. This is a steady investment opportunity for someone looking for steady income. The (7) very stable tenants generate around $6,900 per month in gross income plus 2 vacant units potential rent. This is a terrific investment especially for a high wage earner looking for tax shelter.
The building is 8,088 square feet on 14,135 square feet zoned C5 and over the past 3 years, the building has been remodeled and restored including a new roof, new HVAC, and new parking with bright LED lighting. There are no substantial maintenance issues anticipated. Annual property taxes are $11,991 and annual insurance costs are $3,155. The building was originally constructed in 1985.
For a private showing and all the confidential financial details, call Tim Leigh: 719-337-9551 or Holly Trinidad: 719-337-0999.
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