Presented By: Keller Williams Foothills Realty; Anniejosephson@kw.com,720-934-2126
MLS# 9979894
03/28/2025
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Beds • 6
Baths • 4
SQFT • 3,500
Garage • 12
Home Details
Charming fourplex in the historic town of Cripple Creek. This building once operated as the general store, built in 1895, and lovingly restored/ renovated. Situated on a corner lot in the heart of town, it is easily rented to the abundant workforce of casino/Gold Mine employees or construction contractors serving the area. There is also the added income potential of a thriving short term rental market. These units never stay vacant for long! Currently three are occupied (A,B &C) Unit D is empty. Photos are from the listing ads and not shown as currently occupied. Solid Brick construction, almost all new windows, vinyl flooring, concrete or laminate countertops, new tile in the bathrooms, lots of life left in the appliances and water heaters. Two units have washer/dryer. Unit A & B have unique lofts (lower ceiling height and accessible by stairs), tenants in the past have used them to sleep. All tenants currently work nights and sleep into the afternoon. New roof in 2024, new paint/stain on all decking & stairs. Each unit has separate gas/electric meters. Owner pays trash, water, taxes & Insurance. Plenty of parking. Casino shuttles available throughout town or to CO Springs. Visit the Ice castles, take the scenic train to Victor, see the famous wooden troll sculpture, take a mine tour, or late-night cemetery tour (cripple Creek is notoriously haunted) or sit on the front stoop and feed the wild donkeys that roam the streets. This town has so much to offer and is a little slice of preserved history. Seller is the listing agent, please reach out with any questions or to schedule a showing.
Presented By: Keller Williams Foothills Realty; Anniejosephson@kw.com,720-934-2126
Interior Features for 217 E Main St
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths4
Other Interior Features
LivingAreaSourceOther
Above Grade Finished Area3500
Air Conditioning Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
General for 217 E Main St
AccessibilityLevel Lot
AppliancesRefrigerator, Dryer, Microwave
Architectural StyleRanch
Attached Garage No
Cap Rate9.399999
CityCripple Creek
Construction MaterialsWood/Frame, Brick/Brick Veneer
CountyTeller
ElectricElectric, Separate Meter Electricity
Elementary SchoolCresson
ExclusionsAll tenants personal property
Garage Spaces12
Garage Y/NYes
Gas Y/NNatural Gas, Separate Meter Gas
Gross Income72000
HOANo
High SchoolCripple Creek-Victor
High School DistrictCripple Creek-Victor RE-1
Land Lease Y/NNo
LevelsOne
Living Area UnitsSquare Feet
Lot Size Square Feet9148
Lot Size UnitsSquare Feet
MLS AreaOut of Area
Middle/Junior High SchoolCripple Creek-Victor
Net Operating Income63130
New ConstructionNo
Number Of Units Total4
Operating Expense8870
Other StructuresOutbuildings
Patio/Porch FeaturesDeck
Possible UseCommercial
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofRubber
Senior Community Y/NNo
SewerCity Sewer, Public Sewer
Standard StatusActive
StatusActive
Stories1
Subdivision NameCripple Creek
Tax Annual Amount870
Tax Year2024
Tenant PaysGas, Electricity
UtilitiesNatural Gas Available, Electricity Available
ViewMountain(s), City
Waterfront Y/NNo
Year Built1895
ZoningCCK
Exterior for 217 E Main St
Building Area Total3500
Covered Spaces12
Exterior AmenitiesBalcony
Horse Y/NNo
Lot FeaturesGutters, Corner Lot, Level, Historic District
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