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William Watson

bill@watsonrg.com +1(720) 463-0002

$5,600,000

Est. payment - /mo

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6899109

Style Mountain Contemporary

HOA Y/N No

Year Built 2025

Property Sub-Type Multi Family

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

Exterior

Parking Features Detached, Garage

Garage Spaces 1.0

Utilities Available Electricity Connected, Sewer Connected

Waterfront Description Public

Roof Type Membrane

Private Pool No

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Architectural Style Mountain Contemporary

Others

Tax ID R002438

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Listed byMODUS Real Estate

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"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(720) 463-0002

bill@watsonrg.com

CO, USA

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101 Gregory ST Central City, CO 80427