This is an income producing 2 unit property. One unit faces Iowa ave and the other faces Yampa st. Located on a corner lot.
5 bed 3 bath - main house - vacant, was most recently receiving $2,900/month. Has been offered $3,000/month. To be safe, cap rate has been calculated using $2,500/month
1 bed 1 bath - carriage house - occupied, $990/month
GOI - $42,880
NOI - $39,900
cap rate - 7.9%
Close to Colorado College and the Olympic Training Center.
Main house could receive $600/room if rented out to college students or olympic athletes.
GOI - $47,880
NOI - $44,900
Cap - 8.9%
Engel & Volkers Denver.
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Listing information last updated on February 27th, 2020 at 11:30pm MST.