John Anders - Coldwell Banker Distinctive Properties
863 E Main Street
Rangely, CO 81621

$1,400,000

Description

24 units in 2 apartment complex's located in Rangely CO (863 E Main Street & 125 Darius Avenue). Generate great cash flow with the #1 apartment complex in the area. Located less than 2 miles away from a college enrolling 1,550 students, these units lease out quick with each at 950 SF/2 bedroom/1 bath set up. Recently remodeled, the units are in great condition and are composed of many long term tenants and college students staying 2+ years. Management currently in place, with large value-add for increased income with laundry, and increased rents up to fair market value. Separately metered for electric and gas, tenants pay rent + gas and electric. Contact agents for P&Ls & rent roll.

Details

MLS#20186384
Sub-TypeResale
StatusActive
Year1979
Days On Site22

Features

SQ Feet19,960
Units24

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Area Information

StateCO
CityRangely
Zip Code81621
AreaOther Area
Listing VS Median (in 81621)
Price:
$1,400,000
low | high
Med:
$1,400,000
50% of Average
SqFt:
19,960
low | high
Med:
19,960
50% of Average
$ / SqFt:
$70
low | high
Med:
$70
50% of Average
On Site:
22
low | high
Med:
21
100% of Average
Listing Updated: 12/18/2018
MLS Number: 20186384
Listing Provided By:
KYLE SERRANO  of  BRAY COMMERCIAL

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.