Coldwell Banker Vail Properties
375 S Alder Street
Crestone, CO 81131

Description

Awesome investment opportunity in the heart of Crestone. Cap rate of almost 10%! Duplex, separated by connecting doors, with a 3/1 apartment and a 2/1 apartment. The 2 bed has a newer on-demand water heater. Both units have hardwood floors, tile in the bathrooms, dishwashers, ETS heaters, wooden decks, double pane windows and updated electrical. A short walk to Crestone's growing commercial district with restaurants, a brewpub, a natural grocer and other fun shops. Only 1.5 blocks from the K-12 charter school. Amazing views of the Sangre de Cristo mountains. 1 gigabit fiber optic internet available. This community is in need of long-term rentals. This is a turn-key passive income generator. Or live in one unit and rent the other to help pay your mortgage. Adjacent lots for sale (MLS #7667753 + #8859118). Purchase together for a discounted price. No POA or restrictive covenants. Nearby hot springs, world-class ski areas and miles of mountain trails. Do not miss your chance! CALL TODAY!!

Details

MLS#2616054
StyleIndustrial
Sub-TypeResale
StatusActive
Year1914
Days On Site45

Features

SQ Feet1,950
Story(s)1
Units2
ZoningRes

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Area Information

StateCO
CountySaguache
CityCrestone
Zip Code81131
AreaSaguache
Listing VS Median (in 81131)
Price:
$229,500
low | high
Med:
$21,000
100% of Average
SqFt:
1,950
low | high
Med:
0
100% of Average
$ / SqFt:
$118
low | high
Med:
$0
100% of Average
On Site:
45
low | high
Med:
48
93.75% of Average
Listing Updated: 10/14/2018
MLS Number: 2616054
Listing Provided By:
Michael Byer  of  Western Mountain Real Estate
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