401 N Silver Street , Lake City, CO 81235
Lake City, CO 81235
Description
Investment Opportunity awaits! If you're seeking a property with income potential nestled in one of Colorado's prime outdoor recreation destinations, look no further. The property at 401 N Silver St in Lake City, CO, is a unique offering comprised of six distinct rental units. Built in 1960, this multi-family property is perfect for investors aiming to capture rental income from a steady stream of outdoor enthusiasts and locals alike. This 4,015-square-foot building is divided into six units: one 3-bedroom unit with a 3/4 Bath on the main level and a 3/4 Bath upstairs, one 2-bedroom unit with a full bathroom, and four 1-bedroom units, each equipped with a 3/4 bathroom. The diversity in unit size offers flexibility for various tenant needs, appealing to different segments within the rental market. Situated in the heart of Lake City, this property's location is its standout feature. Lake City is renowned for its breathtaking scenery and wealth of outdoor activities. It's home to the Alpine Loop, a highly sought-after locale for hiking and off-road driving. In the winter many can be found enjoying the thrills of ice climbing in Lake City. Additionally, Lake San Cristobal, Colorado's second-largest natural lake, offers opportunities for boating, kayaking, paddle boarding, and ice fishing, drawing year-round tourism. These amenities make Lake City an attractive place for both short-term and long-term tenants, ensuring those units are not left vacant for long. Investors with a keen eye for potential rental income will not want to miss this property! Its location and structure offer a unique blend of small-town charm and modern convenience. Owning property in Lake City means tapping into a market that values its natural surroundings and outdoor amenities, thereby supporting always-in-demand rental real estate. This property offers potential for long-term growth and equity. It's a chance to invest in one of Colorado's hidden gems and secure a foothold in this picturesque community. For more information or to schedule a viewing, feel free to contact me directly.
Details
| MLS# | 822616 |
|---|---|
| Listing Type | For Sale |
| Style | Town House / Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 19 |
| Listing Provided By | Crystal Peak Properties | Kelsey Loftis |
Features
| Bath(s) | 7 Total |
|---|---|
| SQ Feet | 4,015 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Zoning | Residential Multi Family |
| Acreage | 0.21 |
| Property View | Yes |
Market Activity 81235
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
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Real Estate listings held by companies other than CREN contain that company’s name.
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Learn More About This Property
| State | CO |
|---|---|
| County | Hinsdale |
| City | Lake City |
| Zip Code | 81235 |
| Area | Lake City |
| School District | Lake City K-12 |
| Elementary School | Lake City K-12 |
| Middle School | Lake City K-12 |
| High School | Lake City K-12 |
| Listing VS Median (In 81235) | |
Price: $750,000 low | high Med: $725,000 SqFt: 4,015 low | high Med: 2,600 $ / SqFt: $187 low | high Med: $279 On site: 19 low | high Med: 360.000000 | |
© 2025 Coldwell Banker Montrose Properties - (970) 249-2449.
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer
