Homes for sale - 101 Gregory ST, Central City, CO 80427

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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$5,800,000

Est. payment - /mo

13,454 SqFt

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UPDATED:

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

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Listed by MODUS Real Estate

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

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