1235 E Cooper Avenue #Unit 1-8
Aspen, CO 81611

$7,495,000

Beds: 16
Baths: 8
Sq. Ft.: 5,168
Type: Single Family Home
Listing #151577
A complete 8 Unit apartment complex. Fully leased, generating $295,000 of stable income with room to grow. Ownership consolidated to one owner making a smooth transaction for a new buyer. The building is in the popular East End location on the bus route for schools and RFTA. Quick access to Northstar Nature Preserve, popular with young families, accessing the river and jogging/biking trails. Ample parking with two spots per unit. Permit applications have been submitted for redevelopment to include laundry in each unit, new fireplaces, and all new fixtures. Units could be resold as Condos on the open market or kept as an A+ apartment complex in a tight housing market that continue to push rents higher. Fire pits and other common area amenities to be included in the redevelopment ..
Property Features
Location Information
County: Pitkin
Major Area: 01-East Aspen
Latitude: 39.185874
Longitude: -106.810325
Minor Area: Aspen
Subdivision: Aspen Edge
Directions: East on Cooper Ave (Highway 82), towards Independence Pass. Property on right after the Roaring Fork River bridge. (Directly right of Park Ave and Midland Ave on your left of Highway 82).
Interior Features
Full Baths: 8
Heating: Baseboard, Gas
Laundry: Common
Exterior Features
Style: Two Story
Construction: Concrete Block
Roof: Membrane
Possession: DOD, Subject to Lease
Sanitation: Sewer
Water: City
Electric: Yes
Gas: Natural Gas
Location Amenities: Exposure, Southern, Trees, Views
Lot Size in Acres: 0.52
Documents Available: Leases, Survey/ILC
Mineral Rights: No
Additional Information
Property Type: SFR
Property SubType: Residential Income
Year Built: 1969
Status: Active
Tax Year: 2016
Tax Amount: 10, 649
Garage Description: None


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative:
Aspen Snowmass Sotheby's International Realty - Durant
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AGSMLS data last updated at December 14, 2017 5:18 AM MT