La Veta, CO Duplex Sale! Great cash flow, low maintenance duplex

[Nathaniel Barre]

Fabulous duplex located in the quaint town of La Veta, Colorado within walking distance of the heart of downtown. Could be used as an investment as both units are currently rented, a home for 2 families, or a single family residence with a rental unit used to supplement income. Net operating income before vacancy is $10,500. Cap rate is 7.5%.

Duplex consists of two 2br/1ba 782ft2 units. Current leases can be continued or terminated based on new owners preference.
Each unit currently rents for $555
Taxes are low! under $500/year
Insurance costs are around $500/year
Currently rented. Leases locked in through the end of January 2016 and the end of September, 2016. This is a very low maintenance property as the tenants are responsible for the yard. Freshly repainted units with updated electrical. Don't miss out on this great investment opportunity!

http://www.flexmls.com/link.html?15ateur146ch,2,1