1428 Greene Street

Silverton, CO 81433

$2,850,000
Price
—
Beds
12,098 Sq. Ft.
$236 / Sq. Ft.
12,098
Sq. Ft.
$236
per Sq. Ft.
a car parked in front of a building
a view of street with parked cars
a cars parked in front of a building
a car parked in front of a building
a view of a hallway
a view of empty room
a living room with furniture and a couch
a view of balcony with wooden floor
a view of front door
a living room with furniture and a chandelier
a room with furniture and a table
a view of entryway and hall with wooden floor
a view of an entryway
a kitchen with a refrigerator sink stove and microwave
a living room with furniture and a pool table
a bedroom with a bed and a window
a bedroom with a bed and window
a kitchen with appliances cabinets and a counter top space
a living room with furniture and a couch
a bedroom with a bed and a window
a view of hallway with stairs
a view of an empty room
a view of a dining room with furniture and a kitchen
a bedroom with bed and a lamp
a bedroom with a bed and a television
a utility room with dryer and washer
a utility room with dryer and washer
a view of a storage with utility room
a room with water heater and wooden cabinets
a view of a patio with table and chairs with a barbeque grill and plants

Description

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...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.
  1. Listed by Logan Austin • Keller Williams Realty Southwest Associates, LLC

Property Details for 1428 Greene Street

Water Front
No
Zoning
Residential Multi Family
Views
Mountains, Valley
Subdv Name
None
LISTING UPDATED: 10/24/2024 10:56 AM

Property Details for 1428 Greene Street

StatusActive
MLS #805317
Days on Market522
Taxes$5,425 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTIFAMILY / Apartment Bldg.
Year Built2005
Lot Size0.11 AC / 4,791 SF
CountySan Juan County

Building Information for 1428 Greene Street

Stories3Residences13Year Built2005Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 1428 Greene Street

Summary
Location and General Information
  • Directions: From downtown Silverton head northeast on Greene street just past 14th street to property located on the right side of Greene street.
Owner
  • Owner Name: Of Record
Parking
  • Carport Y/N: Yes
  • Carport Spaces: 4
  • Garage Y/N: No
  • PARKING: 2-10 Total Spaces, In Rear of Building, On Street
School Information
  • Elementary School: Silverton K-5
  • Middle School: Silverton 6-8
  • High School: Silverton 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2022
  • Total Taxes $: 5425.32
Property
Property and Assessments
  • FIPS Code: 08111
  • Legal/Lot Block: BLOCK 4 LOTS 7-8
  • Photo Count: 34
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than 1/2
  • Lot Dimension: Assessor
  • Parcel ID #: 4.8291720040002E13
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Domestic Water/Sewer: City Water
  • Metered: Metered for Electricity
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 13
  • Residence Stories: Three Story
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: .00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Florring: Carpet, Linoleum
  • Foundation/ Basement: Basement-partial finish
Exterior Features
  • Horse Setup: No
  • Residence Style: Mid/High Rise Apts
  • Roof: Composition
  • Siding: Stucco

Property History for 1428 Greene Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1428 Greene Street

Taxable ValueLand$18,001Additions$203,730Total$221,731
Tax Record2023$9,894 ($825 / month)
Home Facts
Beds15Total Finished SqFt9,268 SqFtAbove Grade Finished SqFt9,268 SqFtStories3Lot Size5,000 SqFtStyleSingle Family ResidenceYear Built2003ZoningB-PCountySAN JUANAPN48291720040002Fireplace TypeHas Fireplace

Schools near 1428 Greene Street

This home is within Silverton 1 School District.
Rating
School
Type
Grades
Distance
Silverton Elementary School
Public - PK to 5
Silverton Middle School
Public - 6 to 8
Silverton High School
Public - 9 to 12
Rating
School
Distance
Silverton Elementary School
PublicPK to 5

Silverton Middle School
Public6 to 8

Silverton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1428 Greene Street, Silverton, CO 81433

1428 Greene Street is a multi-family home for sale in Silverton, CO 81433. This property was listed for sale on June 30, 2023 by Keller Williams Realty Southwest Associates, LLC, it's currently listed at $2,850,000. It has been on the market for a total of 522 days and was last sold on March 31, 2021. This listing's school district is Silverton 1 School District. Nearby schools include Silverton Elementary School, Silverton Middle School and Silverton High School. 1428 Greene Street is a 0-bed, 0-bath, 12,098 sqft multi-family home built in 2005.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Southwest Associates, LLC, Logan Austin

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.