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.
Details
| MLS # | 20263361 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 45 |
| Listing Provided By | THE CHRISTI REECE GROUP | REECE STANLEY |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 11 |
| SQ Feet | 4,800 |
| Story(s) | 1 |
| Units | 11 |
| Zoning | Res |
| Acreage | 2.27 |
Exterior
| Lot Features | None |
|---|
Parking
| Parking Features | Rv Access Parking |
|---|
Taxes
| Tax Annual Amount | 2214.6 |
|---|
Area Information
| State | CO |
|---|---|
| County | Montezuma |
| City | Cortez |
| Zip Code | 81321 |
| Area | Cortez |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $975,000 low | high Med: $682,500 sqft: 4,800 low | high Med: 1,858 $ / sqft: $203 low | high Med: $429 On site: 45 low | high Med: 153.5 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CO |
|---|---|
| County | Montezuma |
| City | Cortez |
| Zip Code | 81321 |
| Area | Cortez |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $975,000 low | high Med: $682,500 sqft: 4,800 low | high Med: 1,858 $ / sqft: $203 low | high Med: $429 On site: 45 low | high Med: 153.5 | |