1428 Greene Street, Silverton, CO 81433
None · San Juan County
Key Facts
Description
A truly one of a kind acquisition opportunity in Silverton, CO, this mixed-use multifamily building is the largest apartment building in town with 10 residential units in addition to 3 commercial units on Silverton's main street. The property is 100% occupied with a strong historical occupancy and has been well maintained since construction. The building's exterior has recently been fully painted and the entire heating system has been improved and optimized. Amongst the 10 residential units there are 8 units offering a spacious 2 bed 2 bath layout with either bay-windows or french doors providing ample natural light and wonderful views of the San Juan Mountains that surround Silverton. The other two residential units are ground floor and ADA compliant with one unit being a large studio and the other being a 1 bed 1 bath with living space and separate kitchen area. All units have separate meters for electricity while the owner pays the other utilities and common area maintenance. Within the common areas is a coin op laundry room with 2 washers and 2 dryers that create additional income and are a great benefit for the tenants. Behind the building there are 4 covered parking spaces in the carport which have the option to create additional income as rented parking spaces. Significant opportunities for value add are found in the partially finished basement which totals 3,457 SqFt of space that has two points of egress and is tied into the robust sprinkler/fire suppression system that runs throughout the building. This space has an area that is stubbed out to create an additional bathroom and could be utilized as a gym facility, additional office spaces, or expansion of the paid storage areas and once finished would increase the total square footage of the building to 15,456. In addition, this property is located within the Business Pedestrian zoning district, which means this entire building has the ability to offer short term vacation rentals as a use by right, providing the owner various options in utilizing the property and maximizing their income. With the strict short term rental regulations in the region, this is a rare opportunity that does not come up often in beautiful Silverton, CO. The demand for housing in Silverton significantly outweighs the supply and this is an opportunity to be one of the largest providers of housing in the region.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Mid/High Rise Apts
Year Built
2005
Stories
3
Living Area
12,098 sq ft
Lot Size
0.11 acres
MLS® Listing#
830948
Property Features
Flooring
Basement
Parking
Construction
Roof
Water Source
Schools
- Elementary:
- Silverton K-5
- Middle:
- Silverton 6-8
- High:
- Silverton 9-12
Financial Details
Annual Taxes
$5,425
Tax year 2022
Parcel Number
48291720040002
Directions
From downtown Silverton head northeast on Greene street just past 14th street to property located on the right side of Greene street.
Affordability Calculator
$495,000
Estimated monthly payment
$13,173/mo
Principal $1,980,000 · Est. interest $2,762,276 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Silverton, CO
- $750,000
- Median Listing Price
- 127
- Median Days on Market
- 1,949
- Median Sq Ft
- $385
- Median Price / Sq Ft
- 27
- Active Listings
- This home’s price is 230% above the area median.
- Its price per sq ft is 47% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Silverton, CO.
Location
Points of Interest in Silverton, CO
Showing the Silverton area map.
Nearby Schools
Silverton Public School
Secondary · 0.2 mi away
Mountain Sprouts Preschool
School · 11.8 mi away
Telluride Elementary School
Elementary · 12.0 mi away
Telluride School District
Elementary · 12.3 mi away
Telluride Intermediate School
Elementary · 12.3 mi away
Telluride Academy
School · 12.3 mi away
Telluride High School
Secondary · 12.3 mi away
Ouray Public Schools
Secondary · 14.6 mi away
Telluride Mountain School
School · 15.0 mi away
Ridgway School District R-2
School · 24.1 mi away
Ridgway Elementary School
Elementary · 24.1 mi away
Lake City Community School
School · 24.3 mi away
Ridgway High School
Secondary · 24.7 mi away
Ridgway School District R-2
School · 24.7 mi away
Colorado Timberline Academy
School · 26.4 mi away
Animas Valley Elementary School
Elementary · 30.0 mi away
Columbine Christian School
Elementary · 36.7 mi away
Animas High School
Secondary · 37.2 mi away
The Liberty School
School · 37.3 mi away
Mountain Middle School
Secondary · 37.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4 Mears Avenue, Silverton, CO | $2,200,000 | — | — | 9,200 |
| 4 Mears Avenue, Silverton, CO | $2,200,000 | 1 | 5 | 9,200 |
| 71450 US Highway 550, Silverton, CO | $2,400,000 | — | — | 6,234 |
| 71450 US Highway550, Silverton, CO | $2,400,000 | — | — | 6,234 |
Moving Cost Estimate
EXIT Agents in Silverton
Listing Courtesy: Keller Williams Realty Southwest Associates, LLC - C: 970-759-4044
FULL CREN Disclaimer
Real Estate listings held by companies other than Keller Williams Realty Southwest Associates, LLC contain that company's name.
Fair Housing Disclaimer
Date Last Updated
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