8 Multi-Family Units in fraser in a Business Zoning District

328 & 330 Park Avenue
Fraser, CO 80442

 

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LISTED AT: $2,400,000

 

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

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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.

Worry Free Listing

Value Add Property!


With being incorporated into the Riverwalk Overlay, residential density can be increased by adding additional buildings with parking underneath! 

 

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 Type: Multifamily
Subtype: Apartment Building
Investment Type: Value Add
Investment Sub Type: Redevelopment
Class: B
Square Footage: 5,904
Net Rentable (sq ft): 5,088
Price/Sq Ft: $406.50
Cap Rate: 6.70%
Occupancy: 100%
Units: 8
Year Built: 1977
Year Renovated: 2022
Buildings: 2
Stories: 2
Zoning: Business-Part of Riverwalk Overlay so you can have increased density
Lot Size (acres): 0.32
Parking (per unit): 2
Broker Co-Op: Yes
APN: 158719107017, 158719107025
Price/Unit: $300,000
 

To read full Offering Memorandum, click the link below:

 

Offering Memorandum
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