Cedaredge Investment Property - 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 unitsa 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)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.
| MLS # | 837064 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 50 |
| Listing Provided By | United Country Colorado Brokers, Inc. | Jake Hubbell |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,476 |
| Story(s) | 1 |
| Acreage | 1.20 |
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Evaporative Cooling |
| Heating Yes / No | Yes |
| Heating | Forced Air, Natural Gas |
| Furnished | Unfurnished |
| Appliances | Gas Water Heater |
| Roof | Metal |
|---|---|
| Construction Materials | Modular Prefab, Wood Frame, Stick Built |
| Garage Yes / No | No |
|---|
| Utilities | Electricity Available, Natural Gas Available, High Speed Internet Available |
|---|
| List Aor | Delta County Board Of Realtors |
|---|
| Property | 1394 |
|---|
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| School District | Cedaredge 9-12 |
| Elementary School | Cedaredge K-5 |
| High School | Cedaredge 9-12 |
| Listing VS Median (in 81413) | |
Price: $425,000 low | high Med: $449,000 sqft: 1,476 low | high Med: 1,737 $ / sqft: $288 low | high Med: $259 On site: 50 low | high Med: 75 | |
| State | CO |
|---|---|
| County | Delta |
| City | Cedaredge |
| Zip Code | 81413 |
| Area | Surface Creek |
| School District | Cedaredge 9-12 |
| Elementary School | Cedaredge K-5 |
| High School | Cedaredge 9-12 |
| Listing VS Median (in 81413) | |
Price: $425,000 low | high Med: $449,000 sqft: 1,476 low | high Med: 1,737 $ / sqft: $288 low | high Med: $259 On site: 50 low | high Med: 75 | |