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Listed by West Real Estate
$ 6,000,000
Est. payment | /mo
10,063 SqFt
$ 6,000,000
Est. payment | /mo
10,063 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,063 sqft
Price per Sqft $596
MLS Listing ID 194847
Year Built 2026
Annual Tax Amount $30,355
Tax Year 2026
Lot Size 0.532 Acres
Acres 0.67
Property Sub-Type Commercial
Source Aspen Glenwood MLS
Property Description
Newly constructed multifamily in a great location, walking distance to downtown Glenwood Springs and public transportation. 619 Overlin Drive is a two-building townhome community in a supply-constrained market with high rental demand, and it is actively leasing.
The townhome design puts better living first, for tenants and owners alike, with the comfort and stability of ownership-style living. Hold the portfolio, resell, or phase your exit.
Investment highlights
Recently appraised at $6.2M, Projected gross annual rents of roughly $410K,
Projected NOI of approximately $320K per year, a 5.3% projected cap rate at $6.0M, New construction with no deferred maintenance, Opportunity for the owner to seek bonus depreciation.
Walkable to downtown and transit, which supports tenant demand, Very limited supply of comparable new townhome product in the valley
Other purchase options include individual units, MLS 193713 - 4 units for $2.3m or MLS 193714 - 6 units for $3.7m.
Projections and estimates are not guaranteed.
The townhome design puts better living first, for tenants and owners alike, with the comfort and stability of ownership-style living. Hold the portfolio, resell, or phase your exit.
Investment highlights
Recently appraised at $6.2M, Projected gross annual rents of roughly $410K,
Projected NOI of approximately $320K per year, a 5.3% projected cap rate at $6.0M, New construction with no deferred maintenance, Opportunity for the owner to seek bonus depreciation.
Walkable to downtown and transit, which supports tenant demand, Very limited supply of comparable new townhome product in the valley
Other purchase options include individual units, MLS 193713 - 4 units for $2.3m or MLS 193714 - 6 units for $3.7m.
Projections and estimates are not guaranteed.
Location
State CO
County Garfield
Area Glenwood Springs
Zoning R-HD
Direction Midland to Cowdin, head north on Cowdin until it turns into Overlin and go to 619
Exterior
Roof Type Membrane
Building
Lot Description Landscaped
Foundation Slab
Water Public
Others
Tax ID 218509200013
Acceptable Financing Cash
Listing Terms Cash
Nearby Locations
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