422 4th St, Alamosa, CO 81101

Property Description

Prime income-producing investment opportunity in the heart of Alamosa! Situated on a combined 27,000+ sq. ft. lot with excellent parking and high visibility, this versatile property includes two buildings with a desirable mix of commercial and residential space. The larger building offers approximately 6,476 sq. ft. of commercial space with multiple office units and shared men's and women's restrooms. Recent improvements include newer heating and air conditioning in the larger space, updated bathrooms, fresh paint and fixtures in select commercial units, and new landscaping. New windows are also in the works. The second building offers approximately 2,485 sq. ft. of residential space, providing additional income and diversification. Updates have recently been completed in two of the apartments. Residential units include refrigerators, with washers and dryers provided in two units. Multiple established tenants provide strong current income, while flexible leases and the combination of commercial and residential tenants offer versatility and future growth potential. Conveniently located in a highly visible area of Alamosa near downtown businesses, shopping, dining, schools, and other amenities. A rare opportunity for investors seeking an established income-producing property with recent improvements, multiple revenue streams, ample parking, and long-term potential!