Fantastic Buy & Hold, 1 Block to CSU!

  • Characteristics

    Building Area: 3,934 SqFt.
    Living Area: 3,525 SqFt.
    Basement Area: 1,499 SqFt.
    Number of Fireplaces: 1
    Heating Type: Floor/Wall
    Heating Fuel Type: Gas
    Interior Wall Type: Plaster
    Basement Type: Finished Basement
    Building Condition: Average
    Construction Type: Frame
    Exterior Wall Type: Brick, Wood Siding
    Roof Type: HIP
    Roof Cover Type: Composition Shingle
    Sewer Type: Municipal
    Water Source: Municipal
    Number of Buildings: 1
    Number of Stories: 2
    Number of Residential Units: 3

  • Condition

    Fantastic buy and hold opportunity. Steps to CSU. Student housing. Because of location and demand, rents year round with very little turn-over on tenants from year to year.

    Three units with a total of 3 kitchens, 3 bathrooms, 8 bedrooms.

    Current annual rent is $51,000 (8.22 Cap). Could easily be raised to $62,400 (10.06 Cap)

    Property manager in place if needed. Take possession occupied or vacant. Tenants are all on month-to-month currently.

  • Numbers & Dates

    Numbers
    HOA: No
    Taxes: $3,724 (2022)
    Rental Income: $62,400 (10.06 Cap)
    Asking: $620,000 -first at asking takes it!

    Dates
    Investor Walk-Through: By Appointment Only
    Closing: 4/17/23
    Possession: At Closing

    Contact
    Amy McCraken
    AMcCraken@JoeHomeBuyer.com
    303-478-7895

    *HOA, Taxes, LTR, STR, Repairs, ARV and any other figures are estimates. BTVA.

*DISCLOSURE*
JOE HOMEBUYER IS EXPLORING ALL OPTIONS WITH THIS AGREEMENT. AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY. WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME.