PRIME 11-Unit Multi-Family Investment in Downtown Cortez, CO
122 E 1st Street, Cortez, Colorado, 81321
Photos
* FOR SALE
$950,000
MLS: 05099-830219
0.49 Acres
7,272 SqFt
11 beds
11.0 baths
What You Should Know
11 plex
apartments
6.67% cap rate
Why You'll Love It
"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.
Top Cortez, CO Real Estate Broker / Agent / Realtor
Allison Klein has been a licensed Colorado Real Estate Broker since 2019. She is employed as an Associate Broker for United Country Blue Sky Homes and Land located in Southwest Colorado, where she has lived and owned property since 1995.She covers the towns of Cortez, Dolores, Mancos, and Durango and the surrounding areas. She has represented hundreds of Sellers and Buyers of Real Estate in these areas during her time there and enjoys every aspect of being a Realtor. She is the top producing realtor in her office and is consistently in the top 5 in the Four Corners Board of Realtors.
Southwest Colorado Property Specialist
Allison’s expertise is in CO ranches and farms for sale, recreational and horse properties in the Southwest, Colorado hunting land for sale, McPhee Reservoir homes and properties, Colorado cabins and mountain homes for sale, properties in town for sale, and Colorado land for sale. She is extremely familiar with the properties around Cortez, including McElmo Canyon properties, Dolores river properties for sale, Mancos properties for sale, properties for sale near Mesa Verde National Park, and Durango rural and in town properties for sale. Her concentration is in Southwest Colorado but she serves the entire state and is qualified to meet your needs as a buyer’s broker or listing broker for any and all Colorado Real Estate.
Recreational Property and Land Agent
Allison’s interests include hiking, mountain biking, skiing and camping all over the state of Colorado, especially in the Weminuche National Forest, the La Plata mountains, Phil’s World trail system and the Boggy Draw trail system. She enjoys the great outdoors, from paddle boarding on Lake Nighthorse to cross country and downhill skiing in the mountains of Southwest Colorado, Allison is always exploring the recreational opportunities that surround her. She loves to spend time with her family and loves to travel and explore new places. To learn more about Allison, check out her website
