This duplex offers an excellent investment and/or house hack opportunity with great year-round rental income history (short and long term) and clients that come back year after year!  Conveniently located just outside of Lake City (no STR permit required, no hoa, minimal covenants) right off Hwy 149 with signage for excellent exposure and access, but still accessible via backroads for UTVS and ATVS to access Lake City and the Alpine Loop! Many improvements have been made to the cabins and landscaping! It's not hard to attract tourists to the Lake City area as its fourteeners and public lands intrigue a host of hikers, bikers, fishermen, hunters, campers, ice climbers, 4x4 off-roading, and other outdoor enthusiasts!  Lake City is rich in history and home to the largest natural lake in Colorado, Lake San Cristobol. This duplex offers matching 2 bed/2 bath units on each side, boasting a total of 2359 sq ft.  Each unit has an open spacious kitchen, dining room, and living room area as well as a bedroom and full bath on the main level.  Stylish LPV floors have been installed on this level.  Gas wood burning stoves and vaulted ceilings give these units a cozy, comfortable feel.  The second levels each have a roomy bedroom and full bathroom.  A covered deck, staggered for privacy offers more entertaining and outdoor enjoyment space and steps down to a grassy lawn where you will find a charcoal grill and picnic table for each unit.  These units have updated furniture and furnishings that are part of the package! Detailed numbers available with a signed NDA. This duplex is also offered as a part of a discounted package with the residence/property to the north of it MLS #822672
Investment Opportunity awaits! If you're seeking a property with income potential nestled in one of Colorado's prime outdoor recreation destinations, look no further. The property at 401 N Silver St in Lake City, CO, is a unique offering comprised of six distinct rental units. Built in 1960, this multi-family property is perfect for investors aiming to capture rental income from a steady stream of outdoor enthusiasts and locals alike. This 4,015-square-foot building is divided into six units: one 3-bedroom unit with a 3/4 Bath on the main level and a 3/4 Bath upstairs, one 2-bedroom unit with a full bathroom, and four 1-bedroom units, each equipped with a 3/4 bathroom. The diversity in unit size offers flexibility for various tenant needs, appealing to different segments within the rental market. Situated in the heart of Lake City, this property's location is its standout feature. Lake City is renowned for its breathtaking scenery and wealth of outdoor activities. It's home to the Alpine Loop, a highly sought-after locale for hiking and off-road driving. In the winter many can be found enjoying the thrills of ice climbing in Lake City. Additionally, Lake San Cristobal, Colorado's second-largest natural lake, offers opportunities for boating, kayaking, paddle boarding, and ice fishing, drawing year-round tourism. These amenities make Lake City an attractive place for both short-term and long-term tenants, ensuring those units are not left vacant for long. Investors with a keen eye for potential rental income will not want to miss this property! Its location and structure offer a unique blend of small-town charm and modern convenience. Owning property in Lake City means tapping into a market that values its natural surroundings and outdoor amenities, thereby supporting always-in-demand rental real estate. This property offers potential for long-term growth and equity. It's a chance to invest in one of Colorado's hidden gems and secure a foothold in this picturesque community. For more information or to schedule a viewing, feel free to contact me directly.
Nestled in the picturesque town of Lake City, Colorado, this apartment building offers a captivating blend of charm and convenience. Boasting 5 studio apartments, and 3 1-bedroom apartments, it presents a unique investment opportunity. Situated on a spacious .50-acre lot, there's ample room for expansion or additional development. Conveniently located with easy access from State Highway 149, the property resides in the General Business zoning district, just across from the scenic Lake Fork of the Gunnison River. Essential amenities including a grocery store, bakery, and gas station are within close proximity, while the historic downtown area of Lake City is just a short distance away. Presently, all apartments are leased on a flexible month-to-month basis, contributing to the property's stellar rental history characterized by long-term tenants. Priced competitively and primed for acquisition, seize the opportunity to explore this promising investment. Contact us today to schedule a viewing.
The Cleborn multi-family complex is an excellent investment opportunity, featuring four unique units and an additional rental suite. Each apartment has its own distinct floor plan, with two units offering full bathrooms and two with three-quarter bathrooms. The rental suite includes a spacious 5-piece bath, providing options for future modifications, such as adding a kitchenette to create a studio apartment or extending it into a one-bedroom unit. Amenities at the complex enhance tenant convenience, with on-site laundry facilities, off-street parking, and outside decks that offer captivating mountain views. The property is situated on a 0.21-acre lot that is partially treed, providing ample parking space. A recently updated Quonset hut offers valuable storage for vehicles, recreational equipment, and maintenance tools. The complex has a good rental history, with 3 units currently rented and the owners occupying the other. Location is a standout feature, as the complex is close to the Lake Fork of the Gunnison River, Memorial Park, and historic downtown Lake City. Residents can easily access walking trails, restaurants, and shopping, making this well-maintained property an attractive choice for investors.
Lake City is located in Colorado. Lake City, Colorado has a population of 485. Lake City is more family-centric than the surrounding county with 16.46% of the households containing married families with children. The county average for households married with children is 10.71%.
The median household income in Lake City, Colorado is $52,250. The median household income for the surrounding county is $45,714 compared to the national median of $69,021. The median age of people living in Lake City is 54.3 years.
The average high temperature in July is 76.7 degrees, with an average low temperature in January of 0.6 degrees. The average rainfall is approximately 14.8 inches per year, with 95.2 inches of snow per year.
