Georgetown, CO 80444,506 5th ST
Georgetown, CO 80444,506 5th ST
Georgetown, CO 80444,506 5th ST
Georgetown, CO 80444,506 5th ST
Georgetown, CO 80444,506 5th ST
Georgetown, CO 80444,506 5th ST
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$565,000

$599,000

5.7%
Est.Price: ?

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Est. payment /mo

2,613 Sqft Lot


SOLD DATE : 10/12/2021

Key Details

Sold Price $565,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 6279209

Sold Date 10/12/21

Style Chalet, Victorian

HOA Y/N No

Originating Board recolorado

Year Built 1875

Annual Tax Amount $1,648

Tax Year 2020

Lot Size 2,613 Sqft

Acres 0.06

Property Description

Charming European chalet style 5 unit building in the heart of historic Georgetown. Walk to local bistros, unique shop, galleries, coffee shops, brew pubs & more. There are multiple hiking trails & parks just blocks from the building and Georgetown Lake is just down the road. Georgetown is all about the mountain lifestyle and is the perfect base camp for skiing, rafting, fishing, 4-wheeling, zip-lining and other mountain activities. The famous Loop Railroad is right up the road and is a wonderful family attraction. There are numerous historic mountain towns to explore in the county. Casinos & resorts are nearby and Georgetown is within one hour of seven world-class ski areas. It is only 40 minutes to the metro area and Loveland Ski area is only 15 minutes away. The building is well maintained and as many updates. It has very good rental history but the rents are rather low and could be increased significantly. Buy as an investment and maybe keep one unit for a mountain condo get-away! Current low rents: Studio $625, 1 bed $650, 1 bed $750, 1 bed $850, 2 bed is being updated and will likely be rented for $1400.

Location

State CO

County Clear Creek

Zoning Mixed, Comm, Res

Interior

Fireplace N

Exterior

Exterior Feature Balcony

Roof Type Architecural Shingle, Composition

Garage No

Building

Lot Description Near Ski Area

Story 2

Sewer Public Sewer

Water Public

Structure Type Frame, Stone

Others

Acceptable Financing Owner Will Carry

Listing Terms Owner Will Carry

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Clear Creek Realty Colorado LLC
Bought with Equity Colorado Real Estate

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Matt Thomas

Consultant | Broker Associate | FA100030130

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