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$975,000
Est. payment /mo
11 Beds
1 Bath
4,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment Bldg.
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $203
MLS Listing ID 836994
Bedrooms 11
Three Quarter Bath 1
Year Built 1980
Annual Tax Amount $2,214
Tax Year 2026
Lot Size 2.270 Acres
Acres 2.27
Property Sub-Type Apartment Bldg.
Property Description
Investors, listen up - this one is worth your full attention. Eleven units, 2.27 acres, mountain views stretching in every direction, and an additional 1.5 acres of raw development potential sitting right next door just waiting for your vision. More units, storage facilities, RV hookups - the canvas is wide open and the opportunity is real. Located just outside Cortez in Montezuma County, this 11-unit apartment complex sits on a generous 2.27-acre parcel with room to breathe and room to grow. Unit 1 built in 1980 remodeled over the years, and unit 2 built in 2021, the complex offers approximately 4,800 square feet of rentable space across one-story units that are clean, functional, and move-in ready. Each unit features a kitchen with range/oven and refrigerator, wood flooring, and an efficient layout that keeps tenants comfortable and turnover manageable. The surrounding landscape offers those classic Southwest Colorado panoramic views that tenants don't take for granted. But here's the real conversation starter - that adjacent 1.5 acres of development potential. Whether you're thinking of additional rental units, RV hookups for traveling workers or tourists, storage rentals, or a combination of all three, this is the kind of add-on opportunity that doesn't show up often in a market like Cortez. Stable income today. Serious upside tomorrow. Don't let this one sit on your list too long.
Location
State CO
County Montezuma
Zoning Residential Multi Family
Rooms
Basement Slab
Interior
Cooling Window Unit(s)
Flooring Wood
Inclusions Range/Oven, Refrigerator
Furnishings Unfurnished
Exterior
Roof Type Metal
Building
Story One Story
Foundation Slab
Sewer City Water, Septic
Water City Water, Septic
New Construction No
Schools
Elementary Schools Mesa K-5
Middle Schools Cortez 6-8
High Schools Montezuma-Cortez 9-12
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Listed by The Christi Reece Group
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