Description
Rare Opportunity to Own a Commercially Zoned Property with Multi-family Use. This Property is Located on a High Traffic and Highly Visible Corner of Ute & 13th Street. General Meeting with the City Has Been Completed. Additional Residential Structures Are Permitted. Tenant in Unit A has a signed Lease Agreement that entails $1,050/Month in rent plus 60% of the utilities. Unit B updating was complete 10/31/2022. Tenant in Unit B has a signed Lease Agreement starting 12/20/2022 that entails $950.00/Month in rent plus 40% of the utilities. Tenant Revenue is $2,045.00/month - $24,540 Annually at 8.4% cap rate. Exterior updating is complete. Seller is a Licensed Real Estate Broker in the State of Colorado Seller is a Licensed Real Estate Broker in the State of Colorado
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Rare Opportunity to Own a Commercially Zoned Property with Multi-family Use. This Property is Located on a High Traffic and Highly Visible Corner of Ute & 13th Street. General Meeting with the City Has Been Completed. Additional Residential Structures Are Permitted. Tenant in Unit A has a signed Lease Agreement that entails $1,050/Month in rent plus 60% of the utilities. Unit B updating was complete 10/31/2022. Tenant in Unit B has a signed Lease Agreement starting 12/20/2022 that entails $950.00/Month in rent plus 40% of the utilities. Tenant Revenue is $2,045.00/month - $24,540 Annually at 8.4% cap rate. Exterior updating is complete. Seller is a Licensed Real Estate Broker in the State of Colorado Seller is a Licensed Real Estate Broker in the State of Colorado