1 year on rocket

1428 Greene St, Silverton, CO, 81433

$2,850,000

0 Baths
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
HeatingSteam, Floor Furnace
BasementYes
ViewMountain(s), Valley
MLS #805317
Lot Size0.11 Acres
StatusActive

About 1428 Greene St

A truly one of a kind acquisition opportunity in Silverton, CO, this mixed-use multifamily building is the largest apartment building in town with 10 residential units in addition to 3 commercial units on Silverton's main street. The property is 100% occupied with a strong historical occupancy and has been well maintained since construction. The building's exterior has recently been fully painted and the entire heating system has been improved and optimized. Amongst the 10 residential units there are 8 units offering a spacious 2 bed 2 bath layout with either bay-windows or french doors providing ample natural light and wonderful views of the San Juan Mountains that surround Silverton. The other two residential units are ground floor and ADA compliant with one unit being a large studio and the other being a 1 bed 1 bath with living space and separate kitchen area. All units have separate meters for electricity while the owner pays the other utilities and common area maintenance. Within the common areas is a coin op laundry room with 2 washers and 2 dryers that create additional income and are a great benefit for the tenants. Behind the building there are 4 covered parking spaces in the carport which have the option to create additional income as rented parking spaces. Significant opportunities for value add are found in the partially finished basement which totals 3,457 SqFt of space that has two points of egress and is tied into the robust sprinkler/fire suppression system that runs throughout the building. This space has an area that is stubbed out to create an additional bathroom and could be utilized as a gym facility, additional office spaces, or expansion of the paid storage areas and once finished would increase the total square footage of the building to 15,456. In addition, this property is located within the Business Pedestrian zoning district, which means this entire building has the ability to offer short term vacation rentals as a use by right, providing the owner various options in utilizing the property and maximizing their income. With the strict short term rental regulations in the region, this is a rare opportunity that does not come up often in beautiful Silverton, CO. The demand for housing in Silverton significantly outweighs the supply and this is an opportunity to be one of the largest providers of housing in the region.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty Southwest Associates, LLC
  • Listing Agent: Logan Austin

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Carpet, Linoleum

Exterior Features

Exterior Information:

  • View: Mountain(s), Valley

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Steam, Floor Furnace

Other

Directions Information:

  • Directions: From downtown Silverton head northeast on Greene street just past 14th street to property located on the right side of Greene street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,850,000

Tax Information:

  • Annual Amount: $2,885
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Silverton, CO.

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Silverton, CO

City

Med. List Price

$1.3M

Med. Price/SqFt

$386

Avg. Days On Market

149

1428 Greene St vs Silverton

506 DAYS ON ROCKET

+357 Days

$2,850,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M more than the Median List Price in Silverton, CO.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #805317

Listing Office:

  • Office Name: Keller Williams Realty Southwest Associates, LLC
  • Listing Agent: Logan Austin

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Equal Housing PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 6:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 01, 2021Home Sold
$1,300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,885$65,078
2019$2,885$65,078
2018$2,785$62,029
2017$2,772$62,029

History based on county public records data.

Payment Calculator

$14.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,611

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Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-507635
8
/10

  • Telluride Intermediate School

  • 447 W Columbia Ave

  • 12.25 miles

  • Public District Grades 3-6

school-card-donut-507636
6
/10

  • Ridgway Elementary School

  • 1115 Clinton St

  • 24.11 miles

  • Public District Grades PK-5

school-card-donut-507637
7
/10

  • Animas Valley Elementary School

  • 373 Hermosa Meadows Rd

  • 29.97 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,618. Typical income of Silverton, CO residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket Homes›Colorado›San Juan County›Silverton›81433›1428 Greene St

This home is located at 1428 Greene St in Silverton, CO and zip code 81433. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since June 30, 2023 and is currently priced at $2,850,000.

In October 2024 median list price was $1,350,000 and the average listing age was 149 days.

From Rocket Homes Real Estate and based on county public records data.

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