75 W Highway 40

Byers, CO 80103

Incomes Property  $250,000  Sold

10-24-2017 01:23pm

Unique Opportunity in the quiet country town of Byers. (HIGHWAY 36 EXTENDED STAY). Six units are fully leased, and generated $43,315 in 2016. Seventh Unit is for the manager. There are Two 1 bedroom units and there is One 2 bedroom unit, and there are Four studios. After Expenses, realize a good income and Live and Work in Byers! Zoned for Hotel/Motel. General Store is not operating currently however it is a permitted use. Perfect opportunity to escape the rat race and slow down a bit, and make some money. All six units are currently leased month to month.Tenant Occupied. Needs TLC - TREMENDOUS POTENTIAL! Valuable B-3 Zoning/Arapahoe County allows for Neighborhood and Community Business.

MLS#
2839239
MLS Originator
REcolorado (Denver)
Off Market Date
09-08-2017 12:00am
Original Price
$350,000

Property
Income
Property Subtype
Income
Sold
Status Conditions
None Known
Last Update
10-24-2017 01:23pm
Bedrooms
7
Bathrooms
8
SqFt
3741
Year Built
1980
Der PSF Total
66.83

SqFt Lot
17600.00
SqFt Finished
3741
SqFt Above
3741

Sold Price
$250,000
Previous Year Tax
$1,008
Terms and Conditions
Cash, Conventional, Exchange
Owner Paid Utilities
Electricity,Gas,Water,Television,Internet,Phone,Other
Transaction Type
For Sale

Cooling
Air Conditioning-Individual, Ceiling Fan
Heating
Hot Water
Heating Fuel
Gas

Laundry Availability
Shared Laundry in Building,Coin-operated

Base Floor Plan
Slab
Base Size
None
Parking Spaces
1
Vehicle Spaces
20

Structure
Ranch/1 Story
Roof
Composition Shingles
Construction
Wood Siding
Architectural Style
Other
Construction Method
Frame
Builder Source
County Records

School District
Byers 32-J
Elementary School
Byers
Middle School
Byers
High School
Byers

Annual Actual Expenses
25921
Annual Projected Expenses
25921
Annual Actual Income
43315
Annual Projected Income
43315
Annual Actual Net Income
17394
Annual Projected Net Income
17394
Unit Furnished
0

PPA
625000.00
Lot Width
125.00

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