Save
Ask
Tour
Hide
Share
$2,850,000
523 Days On Site

1428 Greene Street
Silverton, CO 81433

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
12,098
SqFt
$236
/SqFt
2005
Built
Subdivision:
None
County:
San Juan
Listing courtesy of Logan Austin of Keller Williams Realty Southwest Associates, LLC

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 970-382-3023
Is this the home for you? We can help make it yours.
970-382-3023
1428 Greene Street1428 Greene Street1428 Greene Street1428 Greene Street
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$13,003
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

A truly one of a kind acquisition opportunity in Silverton, CO, this mixed-use multifamily building is the largest apartment building in town with 10 residential units in addition to 3 commercial units on Silverton's main street. The property is 100% occupied with a strong historical occupancy and has been well maintained since construction. The building's exterior has recently been fully painted and the entire heating system has been improved and optimized. Amongst the 10 residential units there are 8 units offering a spacious 2 bed 2 bath layout with either bay-windows or french doors providing ample natural light and wonderful views of the San Juan Mountains that surround Silverton. The other two residential units are ground floor and ADA compliant with one unit being a large studio and the other being a 1 bed 1 bath with living space and separate kitchen area. All units have separate meters for electricity while the owner pays the other utilities and common area maintenance. Within the common areas is a coin op laundry room with 2 washers and 2 dryers that create additional income and are a great benefit for the tenants. Behind the building there are 4 covered parking spaces in the carport which have the option to create additional income as rented parking spaces. Significant opportunities for value add are found in the partially finished basement which totals 3,457 SqFt of space that has two points of egress and is tied into the robust sprinkler/fire suppression system that runs throughout the building. This space has an area that is stubbed out to create an additional bathroom and could be utilized as a gym facility, additional office spaces, or expansion of the paid storage areas and once finished would increase the total square footage of the building to 15,456. In addition, this property is located within the Business Pedestrian zoning district, which means this entire building has the ability to offer short term vacation rentals as a use by right, providing the owner various options in utilizing the property and maximizing their income. With the strict short term rental regulations in the region, this is a rare opportunity that does not come up often in beautiful Silverton, CO. The demand for housing in Silverton significantly outweighs the supply and this is an opportunity to be one of the largest providers of housing in the region.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$2,850,000
Days On Site 
523 Days
Bedrooms 
N/A
Inside Area (SqFt) 
12,098 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.11 Acres
Year Built 
2005
MLS® Number 
805317
Status 
Active
Property Tax 
$5,425.32
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
2 months agoPrice changed to $2,850,000
a year agoListing first seen on site
General Features
Acres 
0.11
Carport 
4
Number Of Stories 
3
Parking 
On Street
Property Sub Type 
Multi Family
SqFt Total 
12098
Style 
Mid/High Rise Apts
Water Source 
Public
Zoning 
Residential Multi Family
Interior Features
Basement 
Partially Finished
Flooring 
Carpet
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details 
Stucco
Roof 
Composition
View 
Mountain(s)Valley
Waterview 
Mountain(s)Valley
Community Features
MLS Area 
Silverton
Schools
School District
Unknown
Elementary School
Silverton K-5
Middle School
Silverton 6-8
High School
Silverton 9-12
Listing courtesy of Logan Austin of Keller Williams Realty Southwest Associates, LLC



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data is deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer - https://crenmls.com/full-cren-disclaimer-2/
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer - https://crenmls.com/fair-housing-disclaimer/
Data last updated at: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share