Megan Powell
BEDS3
BATHS2
SQUARE FEET1,476
MLS#837064
STATUS
PROPERTY TYPEResidential - Single Family
Property Description
Cedaredge Investment Property â?? Home + 2 Rentals on 1.2 Acres | ~10% CAP Income-producing residential investment in the heart of Cedaredge, CO. This 1.2-acre offering includes three separate rental unitsâ??a 1974 stick-built home (3 bed/1.75 bath, 1,476 sq ft) plus two single-wide trailers (2 bed/1 bath and 1 bed/1 bath)â??generating $3,457/month ($41,484/year) in gross rents at an approximate 10% gross CAP rate. All units are on town of Cedaredge water (3 taps) and town sewer. Proven, steady rental history from both private-market tenants and the Delta Housing Authority. Best of all, roughly half the property is undeveloped, offering room to add more trailers or another home (with additional water taps from the town) for significant revenue upside. A rare turnkey cash-flow property with built-in expansion potential in a growing Western Slope community. Offered at $425,000.
Property Features
Property Type: Residential - Single Family
Cooling: Evaporative Cooler
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Ranch
Lot Size: 1.20 Acres
Roof Type: Metal
Stories: 1.5
Taxes: 1,394.04
Year Built: 1973
Feature Descriptions
Access: City/Town, Paved
Available Amenities: Real Estate Included
Days on Site: 3
Exterior: Pre-fabricated, Wood Frame
Flooring: Carpet-Partial, Laminate
Square Footage (Per Level): 1476 (Main)
Water: City Water
Local Schools
High School: Cedaredge 9-12
Middle School: Cedaredge 6-8
Elementary School: Cedaredge K-5
Listed By / Shown By
Listed By
Agency Name: United Country Colorado Brokers, Inc.
Agency Phone: 970-872-3322
Shown By
Agent Name: Megan Powell
Agent Phone: Cell: (303) 501-3111
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,162.51 per month $2,038.47 Principal & Interest $0.08 Property Tax $123.96 Homeowner's InsuranceChange Payment Information
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770 NW Cedar Avenue | MLS# 837064
This single family home located at 770 NW Cedar Avenue, Cedaredge, CO 81413 is currently listed for sale with an asking price of $425,000. This property was built in 1973 and has 3 bedrooms with 1476 sq. ft. Search Cedaredge real estate on www.meganknowsgj.com today.