201 E South 1st Street Johnstown, CO 80534

201 E. South 1st Street is a 13-unit apartment building located in Johnstown, CO. These units feature a unique mix consisting of (4) 1Br/1Ba units, (6) 2Br/1Ba units, and (3) 3Br/1Ba units. This turn-key investment is in excellent condition and requires little to no capital injection. Current owners...hip has updated the majority of the electrical panels in the units, installed a new roof and gutters (2017), and recently installed a new boiler. With a history of strong occupancy rates and stable rental income, the property is poised to continue generating consistent cash flow. PROPERTY HIGHLIGHTS: Turn-Key Asset with 12 out of 13 units fully renovated; Updated Windows, Two New High-Efficiency Boilers with Water Storage Tanks (2021), New Exterior Paint (2023) and Landscaping (2024); 13 Surface Parking Spots; In the Heart of Downtown Johnstown with the Ability to Walk to Numerous Restaurant and Retail Stores; Large Storage Units in Basement that Currently Provide Additional Income Continue reading