Great Rental Property Investment Opportunity

Asking Price$1,600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$70,900

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Great Rental Property Investment Opportunity


Asking Price$1,600,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$70,900

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Here is a great rental property investment opportunity in downtown Salida! The Historic, brick, 6 plex on Fourth Street houses (4) studio apartments and (2) 2 bedroom apartments, all with 1 bath. The detached Bungalow on the alley has 3 bedrooms with a bonus room, 1 bath, and an attached carport. Shared yard with a storage building in between the buildings. All units include range and refrigerator. The units vary in floor plan and degree of recent updates. South facing windows provide good natural lighting. Sellers pay gas, trash, and water, tenants pay electric. Nice, peaceful, residential neighborhood location only a block from Alpine Park and 3 blocks from Historic Downtown Salida. Rents have been reasonably maintained to accommodate many long term tenants. Income, Cap Rate, and status of occupied units may change by time of a purchase contract. These properties don't become available often in Salida. Make it yours today!
About the Business
Currently Home Based
Yes
Facilities & Assets
Residential Leases, 7 Units, all include Fridge and Stove.
Cap Rate 3.50
Market Outlook / Competition
Prime location just 3 blocks from Historic Downtown Salida. Long term tenants.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
5,596
Listing Info
ID
2336613
Listing Views
716

Contact Seller

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Business Listed by: Jeff Post First Colorado Land Office Inc.

Listing ID: 2336613 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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