
Listed by First Colorado Land Office
$1,500,000
Sand Lake Apartments
Details
Property Type Special Purpose
Sub Type Other
Square Footage 5,596
Units 7
Lot Size (SqFt) 4,688
Special Purpose | 5,596 SqFt
Marketing description
Here is a great rental property investment opportunity in downtown Salida! The Historic, brick, 6 plex on Fourth Street houses (4) studio apartments and (2) 2 bedroom apartments, all with 1 bath. The detached Bungalow on the alley has 3 bedrooms, with a bonus room, 1 bath, and an attached carport. Shared yard with a storage building in between the buildings. All units include range and refrigerator. The units vary in floor plan and degree of recent updates. South facing windows provide good natural lighting. Sellers pay gas, trash, and water, tenants pay electric. Nice, peaceful, residential neighborhood location only a block from Alpine Park and 3 blocks from Historic Downtown Salida. Rents have been reasonably maintained to accommodate many long term tenants. Income, Cap Rate, and status of occupied units may change by time of a purchase contract. These properties don't become available often in Salida. Make it yours today!
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Listed by First Colorado Land Office
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Zoning
R2 ResidentialMulti FamilyMedium Density Residential
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View all 89 uses Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics
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