322 S Main Street, Lamar, CO, 81052
- $4,500,000
Overview
- CommercialSale, MultiFamily
- 1937
Description
The Alamo Apartments at 322 S Main St in Lamar is a 23-apartment building. Grand fanfare surrounded the opening of the Alamo in 1936, with more than 2,000 guests touring the 54 guest rooms, men’s club, women’s (card) salon, and restaurant. Then in 2016, Otto Correct LLC purchased the Alamo Apartment building at 322 S Main St. and began a wholesale renovation of the building replacing: Replaced of all refrigerators, ranges/ovens and range hoods Replaced all window coverings, drapes and drapery rods Painted all apartment interiors, hallways, stairwells, common rooms, exterior trim/gutters Replaced elevator Replaced water faucets to all bathrooms, water lines Replaced 4 laundry room washers/dryers Built and furnished workout room Replaced 85% of all light fixtures Replaced two-thirds of the apartment HVAC units Bosch water source heat pump Replacing 17 of the 23 kitchens including cabinets, countertops, stainless steel sinks and sprayer faucets, backsplashes Carpeted all common area hallways, mail room and stairwells Installed tile in front entry Replaced all window screens garden level to 3rd floor Resurfaced parking lot Replaced all water heaters Replaced boiler Finished former men’s club into loft style apartment with 14 FT ceilings and wine cellar Tinted storefront windows on Main Street Replaced apartment carpet/flooring in 85% of apartments Furnished all apartments with entirely new furniture including beds, nightstands, lamps, dining tables and chairs, sofas and seating Installed Smart TV in each apartment Replaced centralized fire / smoke monitoring with addressable Honeywell system Honeywell keycard access system Installed building-wide internet and Wi-Fi 6. Rents as of 2023 range between $950/month and $1,500/month. We have no vacancies and a waiting list for future tenants.
Address
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Address: 322 S Main Street
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City: Lamar
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State/county: Prowers
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Zip/Postal Code: 81052
Details
Updated on March 16, 2023 at 9:38 am-
Property ID HZ6040622
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Price $4,500,000
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Year Built 1937
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Property Type CommercialSale, MultiFamily
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Property Status Active
Additional details
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PropertySubType MultiFamily
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Tax Year 2022
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Architectural Style Traditional, MidRise
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Road SurfaceType AlleyPaved
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Construction Materials Brick, Concrete
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Utilities CableAvailable, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, HighSpeedInternetAvailable, PhoneAvailable, PhoneConnected, SewerConnected
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Roof SpanishTile
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Exterior Features GasGrill, Lighting
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Parking Features ElectricVehicleChargingStations
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Laundry Features Coinoperated, LaundryRoom
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Lot Features CornerLot, Landscaped, NearPublicTransit
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LotSizeUnits Acres
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Security Features ClosedCircuitCameras, FireAlarm, KeyCardEntry, SmokeDetectors, SecurityService
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Community Features FitnessCenter
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