Description
Excellent investment opportunity in the heart of Craig, Colorado. This well-maintained five-unit multifamily property offers a proven rental history, 100% occupied, producing $4400 gross rental income per month. This five unit building consists of four 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, providing a desirable unit mix that appeals to a broad tenant base. The current owners have made numerous recent improvements, including updating two of the units with fresh interior paint, new flooring, and select new appliances. In addition, the property is serviced by three newer water heaters, providing added reliability and reducing future maintenance concerns. With several major capital improvements already completed, this is an excellent opportunity for investors seeking a property with reduced upfront maintenance costs. All five units are currently leased, with leases extending through the summer of 2027, offering stable, long-term rental income from day one. The property also features convenient off-street parking located behind the building. Ideally situated within walking distance of the public library, grocery stores, restaurants, schools, and churches, tenants enjoy the convenience of a highly walkable location with easy access to everyday amenities. Whether you're looking to expand your investment portfolio or acquire a turnkey income-producing asset, this multifamily property presents an outstanding opportunity in the Craig, Colorado rental market.
Details
| MLS # | 194003 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 34 |
| Listing Provided By | Country Living Realty | Andrea Camp |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,570 |
| Basement | Y |
| Zoning | Residential |
| Acreage | 0.38 |
Taxes
| Property | 1938 |
|---|
Area Information
| State | CO |
|---|---|
| County | Moffat |
| City | Craig |
| Zip Code | 81625 |
| Area | Craig |
| Community Name | Sunset Addition |
| Listing VS Median (in Sunset Addition) | |
Price: $500,000 low | high Med: $448,450 sqft: 3,570 low | high Med: 2,991 $ / sqft: $140 low | high Med: $152 On site: 34 low | high Med: 55.5 | |
Market Activity 81625
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Learn More About This Property
| State | CO |
|---|---|
| County | Moffat |
| City | Craig |
| Zip Code | 81625 |
| Area | Craig |
| Community Name | Sunset Addition |
| Listing VS Median (in Sunset Addition) | |
Price: $500,000 low | high Med: $448,450 sqft: 3,570 low | high Med: 2,991 $ / sqft: $140 low | high Med: $152 On site: 34 low | high Med: 55.5 | |
