221 E Colorado Avenue, Telluride, CO 81435 (MLS# 43120)


$2,498,000
221 E Colorado Avenue
Telluride, CO 81435
MLS# 43120
4 beds


Building front
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Building front Unit Highlighted Front entrance Looking west Looking East Front office space Front office space Front office space Front office view Front office space Front office space Front office space Front office bathroom Front office space Front office space View Front office bathroom Front office space Back space Back space Back space Back space Back space Back space bathroom 1 Back space Bedroom Back space bedroom Back space bathroom 2 Back space Kitchenette Back space Kitchenette Back Deck Existing floor plan Potential Future floor plan Back parking area Back parking area 1 covered space Back parking area Back parking area Back parking area Back parking area 2 uncovered parking spots Back parking area 2 uncovered parking spots

Property Description
Stunning Views, Unbeatable Location & Exceptional Upside Potential. Welcome to your next great investment opportunity or dream vacation condo in the making! This condo offers breathtaking floor to ceiling windows and views of Bear Creek and Telluride's main street that will leave you captivated. This unit is short-term rental friendly, presenting a rare opportunity to generate significant income. Unlock the full potential of this space with the opportunity to transform it into a high-end luxury unit. Customize and modernize to your vision and reap the rewards of increased value & desirability. Whether you're looking to capitalize on the short-term rental potential, develop a luxury retreat, or secure a prime property in an unbeatable location, this condo offers an exceptional opportunity.

Details
Documents
Listing Location Info
Current Price: $2,498,000
Sub-Type: Multi-Unit Buildings
Area: Town of Telluride - 11 (Major Area 10)
Asking Price: 2498000
Street #: 221
Street Direction Pfx: E
Street Name: Colorado
Street Suffix: Avenue
City/Town: Telluride
County: San Miguel County
State/Province: CO
Postal Code: 81435
Keywords Info
Studio: No
Bedrooms: 4
Flex Room: None
Full Baths: 4
Age: 40+ Years
Deed Restrict: None
General Info
Total # of Units: 8
Complex: Wasatch
Zoning: Residential/Commercial
Legal: UNIT J WASATCH II BUILDING 3. To be verified by Title Company.
Est Finished SqFt: 1236
Source SqFt: Assessor
Year Built: 1982
Directions: Located above Cashmere Red on the north side of Colorado Ave between Willow and Spruce.
View 1: Bear Creek
View 2: Main Street
Financing Info
Assessor's Acct #: R1010050013
Taxes: 8461
Tax Year: 2023
HOA Dues: 451.62
Payment Per: Month
RETT: 3% Telluride RETT
Status Change Info
Status: Active
Utility Info
Phone Line: Regular Phone
Primary Heat: Other See Feature
TVService: Cable
Property Features
Disclosures: Leased; RETT
Furnished: None
Covered Parking: 1 Car
Open Area Parking: 2 Car
Heat: Radiant Ceiling
Water: Public
Electric: Power Company
Communications: T-1
Special Location: Main Street
Appliances: Kitchenette

Listing Office: Telluride Real Estate Brokers, Inc.

Listing Agent: Brigitte DePagter Kusuno

Last Updated: December - 20 - 2024

221 E Colorado Avenue, Telluride, CO 81435 - MLS# 43120

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