194 Artesian Dr, Eldorado Springs

$2,600,000

0 Bed
0 Bath
5,386 Sqft
.38 Acre
0 Garage

Price adjustment on an extraordinary investment opportunity at the entrance of Eldorado Canyon State Park . This 12 unit multi-family property is situated above the iconic Eldorado Pool and steps away from world-class climbing in the State Park. The opportunities are endless with stone cabin bungalows and eclectic units tucked into the side of a hill. The property sits below a climbing backdrop, several of the units have million-dollar views, outdoor flagstone patios, and native vegetation. The water supply is from Eldorado Canyon's artesian spring. Amazing trails and wilderness just steps away into the park, minutes to downtown Pearl Street fine dining, and a quick commute to Denver. The property is fully leased with the opportunity to increase rents and financial performance. Unit breakdown is 5 studio units, 6 1-bedroom units, 1, 2-bedroom unit.

Essential Information
MLS® #938617
Price$2,600,000
Bathrooms0.00
Square Footage5,386
Acres0.38
Year Built1925
TypeIncome Property
Style5 or More
StatusActive
Community Information
Address194 Artesian Dr
AreaEldorado Springs
SubdivisionMoffat Lakes
CityEldorado Springs
CountyBoulder
StateCO
Zip Code80025
Amenities
ViewBack Range/Snow Capped
Interior
HeatingRadiator
Appliances

Electric Range/Oven, Refrigerator, Smoke Alarm(s), All Appliances

Exterior
Exterior FeaturesPatio
ConstructionMoss Rock
FoundationNo Basement
Lot Description

Evergreen Trees, Deciduous Trees, Native Grass, Sloping Lot, Rock Out-Croppings

School Information
DistrictBoulder Valley Dist RE2
ElementaryMesa
MiddleSouthern Hills
HighFairview
Additional Information
Days on Market105
ZoningER
Listing Details
OfficeRE/MAX Alliance on Walnut
Property History
Price Reduced from $2,850,000 to $2,600,000
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Listing information last updated on September 28th, 2021 at 4:19pm MDT.