$340,000
Rifle, CO 81650
MLS# 165430
Status: Closed
6 beds | 4 baths | 2208 sqft
1 / 31
Property Description
This is being sold subject to two long term leases with excellent tenants, who we do not want to disturb. Each tenant pays $1,275.00 per month plus utilities for a total annual gross rent of $30,600.00. This is a 9% annual return at full asking price. We will be providing a Matterport video but we don't want to disturb the tenants so we will allow access only with an executed purchase contract.
Details
Maps
Location Info
Current Price: $330,000
Type: Duplex
Right of First Refusal: No
Major Area: Rifle
Area: 12-Rifle Proper
Original List Price: 340000
Asking Price: 340000
Street #: 2425
Street Name: West
Street Suffix: Avenue
Address 2/Unit #: 2427
City/Town: Rifle
State/Province: CO
Postal Code: 81650
Furnished: No
Keywords Info
Bedrooms: 6
Total Baths: 4
Baths - Full: 4
Lot Size: 6,001 - 12,000
Acreage: Refer to Lot Size
Garage: None
Pre-Fabricated Home: No
Listing Info
Listing Date: 2020-07-19
Short Sale: No
REO: No
Auction: No
Foreclosure: No
Member Association: Glenwood Association
County: Garfield
ADU: No
General Info
Sub/Loc: Palomino Park Addition
Legal: Section: 4 Township: 6 Range: 93 Subdivision: PALOMINO PARK ADD. 2ND. Block: 8 Lot: 5
Zoning: MDR
Nbr of Acres: 0.22
Lot SqFt: 9555
Lv Ht SqFt: 2208
LvHtSqFt (Abv Grnd): 2208
Total SqFt: 2208
Price/LvH SqFt: 153.99
Levels: 2
Main Floor Master: No
Year Built: 1981
Parcel #: 217704312005
Directions: Travel North on Railroad Avenue. At light of intersection of Railroad Avenue and Whiteriver/W. 24th Street, turn left onto W. 24th Street. Turn right onto West Avenue. Property is on the left hand side. Sign on Property.
Financing Info
Metro Tax District: No
Taxes: 1213.4
Tax Year: 2019
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Special Assessments: None
Status Change Info
Status: Closed
Under Contract Date: 2020-08-05
Proposed Close Date: 2020-09-14
Sold Date: 2020-10-02
Sold Price: $330,000
Sold Price Per/SF: 149.46
How Sold: Conventional Fixed
Remarks
Public Remarks: This is being sold subject to two long term leases with excellent tenants, who we do not want to disturb. Each tenant pays $1,275.00 per month plus utilities for a total annual gross rent of $30,600.00. This is a 9% annual return at full asking price. We will be providing a Matterport video but we don't want to disturb the tenants so we will allow access only with an executed purchase contract.
Property Features
Laundry Facility: Area
Style: Two Story
Construction: Frame
Exterior: Masonite
Substructure: Crawl Space
Roof: Composition Shingles
Condition: Good
Heating: Baseboard; Electric
Gas: None
Cooling: None
Sanitation: Sewer
Carport: 1 Car
Parking Area: 1 Car
Possession: DOD; Subject to Lease
Extras: Fence; Landscaping; Patio/Deck; Storage Shed
Terms Offered: Cash; New Loan
Disclosures: Seller Lic RE Agent
Mineral Rights: No
Water Rights: No
Location Amenities: Gentle Topo; Interior Lot; Trees
Sign: Yes
Unit Faces: East
Inclusions: Dishwasher; Dryer; Range; Refrigerator; See Remarks; Washer
Exclusions: See Remarks; Window Coverings
Room Information
| Room Name | Level |
| Kitchen | Main |
| Living Room | Main |
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Full Bathroom | Upper |
| Full Bathroom | Upper |
| Laundry | Main |
| Kitchen | Main |
| Living Room | Main |
| Bedroom 1 | Upper |
| Bedroom 2 | Upper |
| Bedroom 3 | Upper |
| Full Bathroom | Upper |
| Full Bathroom | Upper |
| Laundry | Main |
Listing Office: Bullock & Hinkey Real Estate
Last Updated: January - 18 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2020 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.
Broker Attribution:
(970) 384-2030