1235 E Cooper Avenue Units 1-8, Aspen, CO 81611 (MLS# 161564)

1235 E Cooper Avenue Units 1-8, Aspen, CO 81611

$6,000,000

Property Type: RES Vacant Land Lot Size (sq. ft.): 22,656 Status: Closed

Current Price: $6,000,000 List Date: 3/18/2020 Last Modified: 9/04/2024

Overview

Description

Free market 8-unit apartment complex with no deed restrictions and condo association documents in place! All units are held by one owner, and ample parking is included with two spaces per unit. Located in East Aspen, the property is within walking distance to downtown and is also on the bus route. The Northstar Nature Preserve, river access and jogging/biking trails are nearby. Units could be resold individually, or the complex kept for rental with substantial NOI. Additional development options or employee housing development are strong considerations.

Listing Details MLS# 161564

Location Info

Type: Multi-Family Lot
Sub-Type: N/A
Major Area: Aspen
Area: 01-East Aspen
Original List Price: 6995000
Asking Price: 6495000
Street #: 1235
Street Direction Pfx: E
Street Name: Cooper
Street Suffix: Avenue
Address 2/Unit #: Units 1-8
City/Town: Aspen
State/Province: CO
Postal Code: 81611

Keywords Info

Acreage: Refer to Lot Size

Listing Info

Short Sale: No
REO: No
Foreclosure: No
Auction: No
Member Association: Aspen Association

General Info

List Price Per/Acre: 12490384
Sold Price Per/Acre: 11538461
Sub/Loc: Aspen Edge
Legal: Aspen Edge, Units 1-8
Lot SqFt: 22656
Nbr of Acres: 0.52
County: Pitkin
Zoning: R6
FAR: No
Sold Price Per/SF: 264.83
Orig List Price Per/SF: 308.75
Parcel #: 273718141800
Directions: East on Cooper Ave (Highway 82) towards Independence Pass. Property on the right after the Roaring Fork River bridge.
Asking Price Per/SF: 286.68

Financing Info

Metro Tax District: Yes
Tax Year: 2019
Transfer Tax: Yes
HOA Dues Y/N: No
Association Fee Frequency: Annually
Taxes: 0

Status Change Info

Under Contract Date: 2020-09-12
Proposed Close Date: 2020-11-12
Sold Date: 2020-11-19
How Sold: Cash

More Information

Remarks

Public Remarks: Free market 8-unit apartment complex with no deed restrictions and condo association documents in place! All units are held by one owner, and ample parking is included with two spaces per unit. Located in East Aspen, the property is within walking distance to downtown and is also on the bus route. The Northstar Nature Preserve, river access and jogging/biking trails are nearby. Units could be resold individually, or the complex kept for rental with substantial NOI. Additional development options or employee housing development are strong considerations.

Possible Use

Multi-Family: Yes

Gas

Natural Gas: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Mineral Rights

No: Yes

Documents on File

Leases: Yes
Survey: Yes

Disclosures

Easements: Yes

Terms Offered

Cash: Yes

Possession

DOD: Yes

Showing Instructions

Call Listing Office: Yes

Property Features

Possible Use: Multi-Family Gas: Natural Gas Water: Public Sanitation: Sewer Mineral Rights: No Documents on File: Leases; Survey Disclosures: Easements Terms Offered: Cash Possession: DOD Showing Instructions: Call Listing Office

Listing Office: Aspen Snowmass Sotheby's International Realty - Hyman Mall

Last Updated: September - 04 - 2024

Broker Attribution: (970) 925-6060

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