402 Third Street, Westcliffe, CO 81252 - Custer County

RARE COMMERCIAL APARTMENT OPPORTUNITY

CALLING ALL INVESTORS YOUNG AND OLD...AND ALL THOSE IN BETWEEN! GREAT SHORT-TERM OR LONG-TERM RENTALS!

Four-unit apartment building located in the heart of Westcliffe, Colorado. The entire building is 3,220 sq ft. and has several upgrades!

Land

The Apartments are conveniently located within walking distance to the grocery store, several coffee shops, and restaurants, post office, medical clinic, and located across the street from the park which is a great place for family picnics or just an afternoon out with friends. Enjoy beautiful grass landscaping around the building with relaxing views of the Sangre de Cristo Mountains.

Additionally, this building would pay for itself and still allow an interested party to live in one of the apartments so kind of like free rent while building your investment portfolio.

Improvements

Units are described as follows:

Unit 1-2located on the 2nd and 3rd floors. It is a 2BR/2BA with a W/D and partially furnished, 1050 sq ft.

Unit 3is located in the basement. It has a 2BR/1BA. It also has a covered porch area and a W/D, 775 sq ft.

Unit 4is located on the 2nd floor. It has 2BR/1BA. It has a deck and W/D, 775 sq ft.

Unit 5is located on the 3rd floor. It has 2BR/1BA, 584 sq ft.

There is a washer and dryer available for Unit 5 in the basement.

Recreation

There are plenty of outdoor recreational activities available in and around Custer County! Lake DeWeese Reservoir, located just 15 minutes from the property, offers fishing opportunities year-round. Visitors can enjoy fishing for trout, small-mouth bass, and tiger muskie during the summer months, and ice fishing during the winter months.

The Sangre de Cristo Mountain Ranch is a great destination for hiking and fishing enthusiasts. With 52 high-country lakes, visitors can spend days exploring the wilderness and fishing for a variety of fish species. This is a great opportunity for nature lovers to observe wildlife and take in breathtaking mountain views.

For those who prefer to explore the outdoors on foot, the Rainbow Trail offers 126 miles of wilderness adventure. Visitors can hike through the beautiful mountains and possibly even see some of the local wildlife. The trail is also open to horseback riders and smaller ATVs, making it accessible for a variety of outdoor enthusiasts.

Overall, there are plenty of opportunities for outdoor recreation in and around Custer County, making this property an attractive location for those who enjoy spending time in nature.

Region & Climate

Westcliffe and Silver Cliff Weather

Climate in Westcliffe/Silver Cliff, Colorado

Westcliffe/Silver Cliff, Colorado gets 14 inches of rain, on average, per year. The US average is 38 inches of rain per year.

Westcliffe/Silver Cliff averages 86 inches of snow per year. The US average is 28 inches of snow per year.

On average, there are 260 sunny days per year in Westcliffe/Silver Cliff. The US average is 205 sunny days.

Westcliffe/Silver Cliff gets some kind of precipitation, on average, 83 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground. In order for precipitation to be counted, you have to get at least .01 inches on the ground to measure.

Weather Highlights

Summer High: the July high is around 81 degrees

Winter Low: the January low is 8

Rain: averages 14 inches of rain a year

Snow: averages 70 inches of snow a year

Location

Located just a few blocks from the town of Westcliffe and only 1.5 hours from Colorado Springs, this property offers the perfect blend of peaceful seclusion and convenient access. Westcliffe provides essential services, shopping, dining, and a growing arts and music community. For larger needs, Colorado Springs offers an easy drive for access to major amenities and an airport. This a great investment opportunity and this property delivers comfort, space, and some of the most spectacular views in the region.