Address
20180 Us Highway 50, Cotopaxi, CO
Price
$ 1,195,000
Property Attributes
- MLS#6855285
- TypeSingle Family
- Listing Status Active
- CountyFREMONT
- CityCotopaxi
- AreaCotopaxi
- NeighborhoodMetes & Bounds
- Zip81223
- StyleAptmts(6+Units)
- Year Built1923
- Taxes$ 2716
- Price$ 1,195,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size8.15 Acres
Data Source:
Royal Gorge MLS (RGMLS)
Property Description
Rare multifamily investment opportunity in a charming small-town setting with land, parking, and strong rental demand. This 7-unit apartment complex is consistently occupied, offering reliable income and long-term investment stability. All units have been updated with durable tile flooring and fresh interior paint, creating a low-maintenance and modern living environment. The property features a desirable unit mix including four 1-bedroom/1-bath units with kitchens, two 2-bedroom/1-bath units, and one spacious 3-bedroom/1-bath unit. Every unit includes private, in-unit laundry, a highly sought-after amenity that supports tenant retention. Recent improvements include new gravel parking located behind the building, providing convenient off-street parking for tenants. In addition to the building, the property includes 8.15 acres of rocky, mountainous landscape, offering privacy, natural beauty, and potential future use. The Arkansas River is just a stone’s throw across the highway, adding to the appeal of the location and surrounding scenery. With strong occupancy history, updated interiors, ample parking, and a unique land component, this property presents a turnkey opportunity for investors seeking steady income in a scenic Colorado setting.
| Elementary School |
|---|
| Cotopaxi Elementary School |
| Price History | |
|---|---|
| 2/2/2026 | Listed $1,195,000 |
General Features
| Sewer | Septic |
|---|---|
| Heating | Electric,Hot Water |
| Cooling | Ceiling Fan(s) |
| Utilities | Electricity Connected,Propane |
| Possession | To Be Arranged |
| Roof | Metal |
| Appliances | Dryer,Range,Refrigerator,Washer |
| Zoning | B |
| Year Built | 1923 |
| Tenant Pays | See Show/Agent Remarks |
| Property Subtype | Aptmts(6+Units) |
| Tax Year | 2024 |
| Parcel Number | 78002690 |
| OwnerPays | Insurance,Taxes,Electric,Gas,Trash,Water |
| County | Fremont |
| Property Type | Income |
| HOA | No |
| Status | Active |
| Directions | From Canon City,follow US-50 for 34 miles. Property is on your left. From Salida,Follow US-50E for 24 miles. Property is on your right. |
| City | Cotopaxi |
| Number Of Units Total | 7 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 355014.0 |
| Elementary School | Cotopaxi |
| Property Attached Y/N | No |
| Tax Annual Amount | 2716.16 |
| MLS Area Minor | Metes & Bounds |
| Additional Parcels Y/N | No |
| Assessments Y/N | No |
| Standard Status | Active |
Interior Features
| Laundry Features | Electric Hook-up |
|---|
Exterior Features
| Water Source | Assoc/Distr,Well,See Prop Desc Rem |
|---|---|
| Well | See Prop Desc Remarks |
| Lot Size | 8.15 |
| Lot Size Acres | 8.15 |
| Sprinklers Y/N | No |
Amenities
- 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 Single Family Average in 81223
Price
Taxes
Year Built
Visits
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