101 Sioux Avenue A F, Simla, CO, 80835

Historical 5-plex in the heart of Simla, CO. This building was the original train depot for the town of Simla, then converted to a hotel and later apartments. Situated on a larger corner lot, these apartments have beautiful views of the rolling hills and ranches at the edge of town. Tenants enjoy the designated parking spaces and playset in the back. There are 3 units on the upper level and two on the lower level. The two lower units have newly built decks off the backdoors. Entire building was painted and deck was rebuilt/painted in 2022. All windows have been replaced within the last 2 years. That’s over 30 new windows installed! All units have been updated with new flooring, kitchen cabinets in most units, new tub/shower enclosures, new carpet, and much more! There is a large crawlspace (overhead height) for easy access to water/sewer pipes, as well as the two hot water heaters that supply all 5 units. One hot water heater was replaced in 2022. The roof is a commercial membrane roof that was replaced within the last 9 years. Tenants are responsible for their own electric/heating and internet. Wonderful tenants in place with good payment history. All tenants on 12-month leases renewed this Spring. Very easy to operate and manage! With over 9% cap rate, you can’t beat this cash-flowing investment in Colorado! Financials available for 2022 and 2023.