$3,350,000

1.09± Acres

Active

Garfield County, CO

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702 Midland, Glenwood Springs, Colorado

MLS ID: 181623

Status: Active

Price: $3,350,000

Acres: 1.09±

Type: Residential

Address: 702 Midland

City, State: Glenwood Springs, CO

County: Garfield County

ZIP Code: 81601

Lat/Long: 39.547672, -107.332347

Parcel Number: 218509300005

Bedrooms: 27

Bathrooms: 14

SqFt: 14,288

Year Built: 1965

Description

**Exceptional Investment Opportunity at Toboggan Creek Apartments**

Discover a unique investment gem in scenic Glenwood Springs, Colorado, at Toboggan Creek Apartments. Nestled in a tranquil setting near the Roaring Fork River and Colorado River, this multifamily property enjoys close proximity to downtown Glenwood Springs. Comprising three charming buildings, this property offers 14 individual units, boasting a total of 27 bedrooms, 14 bathrooms, an onsite coin-operated laundry facility, ample onsite parking, including guest spaces, and 10 storage spaces.

**Diverse Unit Composition:**

Toboggan Creek Apartments cater to a wide range of housing needs with:

- (2) One-bedroom one level layouts

- (8) Two-bedroom townhome layouts, each featuring two entrances and a cozy back deck

- (3) Two-bedroom one level layouts, including one with an outdoor deck

- (1) Three-bedroom spacious residence, complete with an outdoor patio and a private fenced yard. These layouts offer a versatile housing selection.

**Abundant Living Space:**

Collectively, these units offer a generous living area of approximately 13,360 square feet, ensuring comfort for residents and a promising investment opportunity for discerning investors.

**Scenic Location with Convenient Access:**

Nestled in the heart of Glenwood Springs, this property immerses residents in Colorado's natural beauty, with the Roaring Fork River and Colorado River in close proximity. Moreover, this prime location provides convenient proximity to downtown Glenwood Springs, a plethora of dining options, retail destinations, excellent transportation links, the local community center, outstanding educational institutions, scenic parks, and an extensive network of hiking and biking trails.

**Lucrative Investment Potential:**

Toboggan Creek Apartments stand as an excellent investment prospect due to their well-maintained condition, prime location, and diverse unit offerings. The robust rental demand in Glenwood Springs enhances its appeal to real estate portfolio investors.

**Contracts and Viewing:**

- **Contract Deadline:** All offers must be submitted by Monday, December 1, 2023 by 12:00 P.M. MST for consideration.

For comprehensive details or to arrange a private tour, please contact our dedicated listing agent.

Don't miss this rare opportunity to explore the potential of Toboggan Creek Apartments, whether you're seeking a high-yield investment property, workforce and/or employee housing, or to offer an affordable housing solution.

Directions: From Midland Avenue turn into Toboggan Creek Apartments

Additional Information

Interior

Basement: Walk-Out Access, Unfinished, Finished, Crawl Space

Bathrooms Full: 14

Building Area Total: 15,245

Furnished: Unfurnished

Heating (Yes/no): Yes

Heating: Hot Water, Natural Gas, Forced Air

Exterior

Architectural Style: Two Story, Ranch

Electric: Yes

Foundation Details: Slab

Inclusions: Range, Refrigerator

Lot Features: Landscaped

Lot Size Area: 1

Lot Size Square Feet: 47,306

Parking Features: Assigned

Roof: Membrane

Water Source: Public

Financial/HOA/Schools

Association (Yes/no): Yes

Association Fee Includes: Sewer

Subdivision Name: Midland

Tax Annual Amount: 11628.2

Zoning: Residential-High Den

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Brooke Snyder

Hotchkiss, Colorado

Interested? Contact Us Today About This Listing

All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of December 4, 2023 at 12:00:00 AM UTC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listed By: Sarah Windholz of Crystal Property Mgmt & Sales - (970) 948-1858

702 Midland, Glenwood Springs, Colorado

Description

Additional Information

Maps

Brooke Snyder

Interested? Contact Us Today About This Listing

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