COLORADO: NEW DUPLEX WITH DECENT CASHFLOW POTENTIAL
I have totally rehabbed a 1955 ranch into a legal duplex. One side is a 1000 sq ft 2 bed 1 bath with hardwood floors, new new kitchen and bath, charming fireplace. The other unit is a studio with new new kitchen and bath - furnished and really cute. Both sides have private parking and private entrances. They share a laundry area (with new w/d) and access to the backyard. Quarter acre lot with pears and walnuts, roses and new sod (however, much of the lot is still not landscaped - ready for RV parking, a garage, gardens, chickens, whatever. Realisitic potential rents? 2 bed side $850 per month. Studio $400 per month. Asking price: $137,500. Sorry, no OWC terms on this one - I need my cash out for the next project. A savvy single person could buy this and live in the small side while the larger side made the payments... Or good opportunity to partner with someone. Let's chat!