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 $38,400.00ESTIMATED RECAP RATE OF 5.35% ANNUALLY.
Full Property Details
Full Property Details for 49 Buck St
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Taxes: $221 (2019)
MLS ID: 2207952
Added: 281 day(s) ago
County: Rio Grande
Driving Directions: Contact listing agent/office
Pets Allowed: Yes
Square Feet: 4,726
Current Bldg. Use: Commercial
Year Built: 1977
Lot Size (Acres): 1
Lot Size (Sq. Ft.): 43,560
Tax Amount: $221
Tax Year: 2019
Disclosures and Reports
Legal Description: LOT 2 BLK 2 FOOTHILLS ESTATES NO 1
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Tax History for 49 Buck St
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49 Buck Street, South Fork, CO 81154 (MLS# 2207952) is a
49 Buck Street is currently listed for $536,000 and was received on September 15, 2020.
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