8 SINGLE FAMILY UNITS LOCATED BEHIND DOWNTOWN FARSER. THIS IS AN INCREDIBLE INVESTMENT OPPORTUNITY IN GRAND COUNTY.
328 & 330 Park Avenue Fraser, CO 80442
$2,400,000
LOCATED JUST OFF MAIN THOROUGH-FAIR IN FRASER, CO
This property is located in the heart of Fraser, in close proximity to restaurants, shopping and local transit!
Property
Details
Property Type: | Multi Family |
Subtype: | Apartment Building |
Investment Type: | Value Add |
Investment Subtype: | Redevelopment |
Zoning: |
Business-Part of Fraser Riverwalk Overlay District so you can have increased density
|
Property
Details
Class: | B |
Net Rentable Square Footage: | 5,088 |
Price per Sq. Ft.: | $406.50 |
Price per Unit: | $300,000 |
NOI: | $160,800 |
Cap Rate: | 6.70% |
Year Built: |
1977
|
Year Renovated: |
2022
|
Occupancy: |
100%
|
APN: |
158719107017
158719107025
|
Two neighboring 4-plexes in the heart of downtown Fraser! Can subdivide units. Possible space for additional units with parking under new building.
328 PARK AVE CAN BE SOLD SEPERATLY
Building is priced below market value!
Walking distance to bus stop.
Minutes away from Winter Park Resort.
Currently rented below market at $1,700 per unit monthly.
Fantastic investment opportunity in a rapidly growing resort community!
This property is part of the Riverwalk Mixed Use Overlay District.
The purpose of the Riverwalk Mixed Use Overlay District is to provide for development that fosters the creation of a high density, walkable, mixed-use neighborhood which will integrate Fraser's historic downtown with the Fraser River and generate opportunities for downtown redevelopment, affordable housing and economic revitalization.