370 S Alder Street

Crestone, CO 81131

Incomes Property  $220,000  Sold

12-07-2018 03:01pm

Property 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!!

Listing Details

MLS#
2616054
MLS Originator
REcolorado (Denver)
Off Market Date
10-31-2018 12:00am
Original Price
$235,000

Property Details

Property
Income
Property Subtype
Income
Status
Sold
Status Conditions
None Known
Last Update
12-07-2018 03:01pm
Bedrooms
5
Bathrooms
2
SqFt
1950
Year Built
1914
Der PSF Total
112.82

Map

Property Level and Sizes

SqFt Lot
7150.00
SqFt Finished
1950
SqFt Above
1950

Financial Details

Sold Price
$220,000
Previous Year Tax
$1,536
Terms and Conditions
Cash, Conventional
Owner Paid Utilities
Insurance,Maintenance,Property Tax
Transaction Type
For Sale

Interior Details

Interior Features
Eating Space / Kitchen
Appliances
Refrigerator (Kitchen), Smoke Alarm, Stove/Range/Oven
Flooring
Carpet
Cooling
Ceiling Fan
Heating
Baseboard
Heating Fuel
Electric
Other HVAC
Electric Water Heater

Room Details

Laundry Availability
W/D Hookups in Unit

Exterior Details

Features
Deck, Front Porch, Yard
Base Size
None
Parking Spaces
1
Vehicle Spaces
5
Type
# of Space
L x W
Description
Off-Street
5
-
Lot View
Mountain View, Valley

Exterior Construction

Building Type
Duplex (all units)
Structure
Ranch/1 Story
Roof
Metal
Construction
Wood Siding
Architectural Style
Bungalow
Exterior Features
Deck, Front Porch, Yard
Construction Method
Frame
Builder Source
County Records

Schools

School District
Moffat 2
Elementary School
Moffat
Middle School
Moffat
High School
Moffat

Condominium Projections

Annual Actual Expenses
3674
Annual Projected Expenses
3674
Annual Actual Income
19200
Annual Projected Income
26400
Annual Actual Net Income
15526
Annual Projected Net Income
22726
Unit Furnished
0

Land Details

PPA
1375000.00
Lot Width
0.00
Road Surface
Gravel Road

Contact Agent

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