Property Description
“Adobes On Ash” is a rare chance to own one of Cortez, Colorado’s most historic and stable multi-family assets.
This 11-unit income-producing property offers a 6.67% cap rate, long-term tenant stability, and unbeatable downtown walkability just one block off Main Street. Currently 100% occupied with Central Business District zoning, exceptional visibility, and confirmed additional development potential, this property delivers both dependable returns today and strong upside for future growth.
Located in a thriving Southwest Colorado community with almost zero rental vacancy, this is the ideal investment for buyers seeking reliable cash flow and long-term appreciation.
PROPERTY HIGHLIGHTS:
| 11 plex | Businesses for Sale | Hotels / Motels | ||
| apartments | Commercial Property | Investment & Income | ||
| 6.67% cap rate | Home in Town |
Property Id: 507485
Price: $950,000
Property Size: 7,272.00 ft2
Property Lot Size: 0.49 ac
Bedrooms: 11
Bathrooms: 11
County: Montezuma County
Lot Size (AC): 0.49000
Year Built: 1960
Listing ID: 05099-830219
Office ID: 4799
Listing Address: 122 E 1st Street, Cortez, Colorado 81321
Other Features
Airport
Appliance
Basement
Central Air
Community Activities
CUL-DE-SAC
deck
Energy Efficient
Fence
Finished basement
fireplace
Fireplace Location
Gated
Guest House
Gym/Fitness Center
Handicapped Accessible
Hospital
Hot tub
Large Kitchen
Maintenance Provided
Mineral Rights
New Appliances
Outbuildings
Park
Parking
Patio
Pool
Restaurants/Shopping
Room
School
Security System
Security System/Alarm
Sewer
Sprinkler System
Storage
Storm Shelter/Cellar
Tennis Court
View
Water Access
Water Rights
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