194 Artesian Dr Eldorado Springs, CO
$ 2,600,000
Property Attributes
  • MLS#938617
  • TypeBackup
  • CountyBOULDER
  • CityEldorado Springs
  • AreaMoffat Lakes
  • NeighborhoodMoffat Lakes
  • Zip80025
  • Style5 or More
  • Year Built1925
  • Taxes$ 18907
  • Price$ 2,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5386
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
RE/MAX Alliance on Walnut
Data Source:
Information and Real Estate Services (IRES) - 19 - CO
Property Description

Price adjustment on an extraordinary investment opportunity at the entrance of Eldorado Canyon State Park . This 12 unit multi-family property is situated above the iconic Eldorado Pool and steps away from world-class climbing in the State Park. The opportunities are endless with stone cabin bungalows and eclectic units tucked into the side of a hill. The property sits below a climbing backdrop, several of the units have million-dollar views, outdoor flagstone patios, and native vegetation. The water supply is from Eldorado Canyon's artesian spring. Amazing trails and wilderness just steps away into the park, minutes to downtown Pearl Street fine dining, and a quick commute to Denver. The property is fully leased with the opportunity to increase rents and financial performance. Unit breakdown is 5 studio units, 6 1-bedroom units, 1, 2-bedroom unit.

Elementary School Middle School High School
Mesa Elementary School Southern Hills Middle School Fairview High School
Price History
4/24/2021 Listed $2,850,000
5/12/2021 9% - $2,600,000

General Features

Capitalization Rate 5.08
County Boulder
Heating Radiator
Listing Type Income Property
Locale Eldorado Springs
Net Operating Income 132080.0000
Ownership Private Owner
School District Boulder Valley Dist RE2
Subdivision Moffat Lakes
Total Number of Units 12
Total Operating Epense 52729.0000
Type Cabin
Utilities Electric, Propane
Zoning ER

Exterior Features

Inclusions Electric Range/Oven, Refrigerator, All Appliances, Smoke Alarm(s)
Outdoor Features Patio
Road Access County Road/County Maintained


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 80025

AVG $2.6M
AVG $18,907
AVG 54
Year Built
AVG 1925

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