298 Park Ave, Pagosa Springs, CO 81147
298 Park Ave, Pagosa Springs, CO 81147
298 Park Ave, Pagosa Springs, CO 81147
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Michelle Brown, CNE, SRS, SFR, RENE

Michelle Brown, CNE, SRS, SFR, RENE

+1(970) 759-6958
$730,000
Est. payment /mo
6 Baths
4,012 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,012 sqft

Price per Sqft $181

Subdivision Lakewood Village - 03 Cnty Code 00289

MLS Listing ID 839234

Full Baths 6

Year Built 2000

Tax Year 2025

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Other

Property Description

Rare Pagosa Springs triplex offering strong income at under $190 per square foot. 298 Park Avenue includes three separate 2-bedroom, 2-bath units, each with its own garage, on nearly half an acre. Built in 2000, the property features low-maintenance stucco siding, a durable metal roof, attractive landscaping, and a well-kept overall condition. The property has maintained nearly 100% occupancy during the seller's ownership and currently produces a cap rate of over 7% based on existing income and expenses. Tenants pay their own electric and gas, helping keep owner operating costs lower and the income stream strong. Currently the only triplex on the market in Pagosa Springs, this is a difficult-to-replace multifamily opportunity. With six total bedrooms, six total bathrooms, three garages, proven rental demand, low-maintenance construction, and a price of less than $190 per square foot, 298 Park Avenue stands out as a compelling investment in one of Southwest Colorado's most desirable mountain communities

Location

State CO

County Archuleta

Zoning Residential Multi Family

Interior

Furnishings Unfurnished

Exterior

Parking Features Attached Garage

Garage Spaces 4.0

Roof Type Metal

Building

Story One Story

Sewer City Water

Water City Water

New Construction No

Schools

Elementary Schools Pagosa Springs K-4

Middle Schools Pagosa Springs 5-8

High Schools Pagosa Springs 9-12

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Colorado Real Estate Network (CREN) + Sold
Listed by Best of Pagosa Springs

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298 Park Ave

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