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.

  • MLS# 20186384
  • Sub-Type Resale
  • Status Active
  • Year 1979
  • Days On Site 295
SQ Feet 19,960
Units 24
Listing Provided By:
KYLE SERRANO  of  BRAY COMMERCIAL
 
 
 
 
 
 
 
 
 
this listing $1,400,000
0.00%
$1,400,000 in 81621
this listing 19,960 SqFt
0.00%
19,960 SqFt in 81621
this listing $70 $/SqFt
0.00%
$70 $/SqFt in 81621
this listing 295 on site
0.00%
295 on site in 81621

Location

State CO
City Rangely
Zip Code 81621
Area Other Area

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