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Central City,CO 80427
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,454 sqft
Price per Sqft $431
MLS Listing ID 6899109
Style Mountain Contemporary
HOA Y/N No
Year Built 2025
Annual Tax Amount $2,354
Tax Year 2024
Property Sub-Type Multi Family
Source recolorado
Property Description
Located in downtown Central City Colorado, The Knights Pythias building is a newly constructed 18 unit apartment
building that was built and completed in 2025. Built on top of the old Knights Pythias building this property boasts 18
unique apartments that blend new modern luxuries with old world charm. All units have brand new finishes, washer
and dryers in each unit, elevator access, outdoor decks, some historic windows and downtown Central City and
Mountain Views. There is free covered parking right across the street owned by the city. Gallup construction has
agreed to manage the building for a 5% fee. This is advantageous as Gallup is the developer/builder and knows the
building inside and out. The whole building is covered under a 1 year warranty. Additionally, one of the units is leased to
a maintenance guy who will work on any maintenance requests by the tenants and will receive a $250 a month break
in rent for doing so. This building will run very efficiently and cost effectively as there is virtually no common area, no
parking and very minimal sidewalks for snow removal. There is also roughly $550,000 of bonus depreciation that the
new buyer can benefit from under the new "Big Beautiful Bill" that was signed this year (talk to your accountant to
confirm this).
Location
State CO
County Gilpin
Interior
Fireplace N
Exterior
Garage Spaces 1.0
Utilities Available Electricity Connected,Sewer Connected
Roof Type Membrane
Total Parking Spaces 1
Garage No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Metal Siding
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional