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1315 Estes Street
A rare find!! Occupied unit with over 8% cap rate ready to be sold! Current resident has lived there since 2014, no plans to move. Current monthly rent is $925 ($787 of this is paid by Colorado state's housing assistance program). The photos are four years old, and where before current tenant moved in. At that time, windows were new, bathroom and all tile new, with new paint and carpet in bedroom (hardwood under carpet). Current tenant has been there for several years and is very low maintenance. Current tenant's lease in the holdover phase and is month-to-month (so you can raise the rent to 'market level' with some paperwork). GREAT for hands-off landlord. Pro forma rentals could go a little higher. Good floor plan and lives bigger than the sq ft would leave you to believe. Has a front and back door.