$315,000
$365,900
13.9%For more information regarding the value of a property, please contact us for a free consultation.
502 Cheyenne AVE Simla, CO 80835
0.78 Acres Lot
Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Mix Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6729251
Sold Date 05/04/23
HOA Y/N No
Year Built 1945
Annual Tax Amount $591
Tax Year 2022
Lot Size 0.775 Acres
Property Description
Amazing investment property that is an income producing set of 5 homes and a storage facility. The property sits on over .75 acres and has a main home that is a remodeled 2 story stick built home with a detached 2 car garage with a long term tenant plus 4 single wide mobile homes of which 3 have been fully renovated and are rented to long term tenants. This listing also includes a 12 unit storage building that has roll up doors and a concrete floor. A great cash flowing property, even at today's interest rates! All mobile homes have had numerous updates for long term reliability such as updated pex water lines, fully insulated skirting and crawlspace heaters installed to negate any frozen water line concerns. Long term tenants are all up to date on payments and cover their own utilities. This property needs minimal owner involvement and is a great first investment property or a great investment for seasoned investors! Only expense to owner is propane tank rent, insurance and taxes! Amazing cashflow! Bring your buyers before its gone!
Upgrades to homes include but are not limited to all pex water lines throughout, new furnaces- some replaced as early as 2017 and as late as 2022. Each property has its own propane tank and are all metered separately for power, water and sewer. Each tenant is responsible for their own lawn maintenance and snow removal. Current leases are in place. Current owner is relocating for warmer weather.
Location
State CO
County Elbert
Area Simla Original
Interior
Cooling Ceiling Fan(s)
Fireplaces Number 1
Fireplaces Type Wood
Laundry Electric Hook-up
Exterior
Garage Spaces 10.0
Fence See Prop Desc Remarks
Utilities Available Electricity, Propane, Telephone
Building
Foundation Post and Pier
Water Assoc/Distr
Structure Type Framed on Lot,Single Wide
Schools
School District Big Sandy-100J
Others
Special Listing Condition Broker Owned, Established Rental History, Lead Base Paint Discl Req, Sold As Is
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