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$1,175,000

For Sale - Active
401 Rose St, Georgetown, CO 80444
7 Beds
4 Baths
3,060 Square Feet
0.11 Acres Lot
Built in 1875
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Aug 06, 2025 at 01:02AM

Investment Summary


Monthly Cash Flow
-$3,552
Cap Rate
2.1%
Cash-on-Cash Return
-15.8%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-11.3%

Property Description


0.11 Acres Lot
Built in 1875
For Sale - Active
Units n/a

Unique and extremely rare opportunity in the charming Downtown of Georgetown, CO. For the first time in over three decades, the Teal Building, one of the picturesque buildings situated in the heart of the National Historic Landmark District, is being offered for sale. Built in 1875; 2 blocks from the main downtown intersection of Rose and 4th Street and near this quaint mountain town’s most frequented restaurants and boutique shops. At over 3,000 sq. ft., the Teal Building is perfectly situated as a private residence plus rentals, providing an ideal opportunity for an owner-occupant or investor. as four units, each two bedrooms and one bath. Currently in-use as three units, with two combined into a large ‘owner’s quarters’ duplex or extra-large rental. New kitchen and bath in duplex; new bathroom in ground floor unit. 2022 improvements include complete repointing of stucco exterior and painting, and upgrade to roof surface with transferable 5-year warranty. Large private deck with additional outdoor space and ample parking on both Rose and 4th Streets. Two units, including the duplex, to be conveyed vacant to maximize the options for new owners. Extensive windows front and back with an abundance of natural light through the day. Real estate in Clear Creek County has boomed in recent years, and rentals are increasingly hard to find. The picturesque Rocky Mountain town is just over an hour from Denver and minutes to world class skiing in Summit, Eagle or Grand County. Georgetown continues to grow as a tourist destination for those headed to/from the high country or looking for a quick escape from the city. A multitude of activities year-round from hiking, mountain biking, white water rafting, skiing, festivals, museums, and local tours. This property offers a tremendous upside opportunity for either Investors or Owner/Users.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 8

Bedroom Information

  • # of Bedrooms: 7

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Crawl Space

Exterior Features

  • Foundation: Block
  • Roof Material: Other

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Highrise Apartments

Lot Information

  • Parcel ID: 195917224004
  • Lot Size: 5000 sqft

Property Information

  • Property Type: Triplex
  • Style: Victorian
  • Year Built: 1875

Tax Information

  • Annual Tax: $1,575

Utilities

  • Water & Sewer: Public
  • Heating: Baseboard, Hot Water
  • Cooling: None

Location

  • County: Clear Creek

Listing Details


Listed by:
Laura Combrink
Keller Williams Top Of The Rockies
(720) 281-1055

Source:
REColorado
MLS#: 5270150
REColorado

Investment Summary


Monthly Cash Flow
-$3,552
Cap Rate
2.1%
Cash-on-Cash Return
-15.8%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-11.3%

Purchase Details

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Purchase price:
$1,175,000
Amount financed:
-$940,000
Down payment:
$235,000
Closing costs:
$35,250
Rehab costs:
$0
Initial cash invested:
$270,250
Square feet:
3,060
Cost per square foot:
$384
Monthly rent per square foot:
$1.01

Financing Details

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Loan amount:
$940,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$5,560
Property tax:
$131
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,908

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$131-$1,575
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$906-$10,875

Cash Flow


Monthly Yearly
Net operating income:
$2,008 $24,096
Mortgage payments:
-$5,560 -$66,720
Cash flow:
$3,552 $42,624