Real Estate Broker · Telluride co · Member since 2016 · 50 posts · 20 votes
Delta CO, near Montrose Ridgway and Grand junction, 2 hours to Telluride.
Unlisted !!! Small home on big corner lot, 3/1 + detached garge with rental !
The new(2012?) garage that has a 312 foot rental above it.(this studio needs to be finished, it has been drywalled and plumbed but no fixtures are set)
New water lines and updates, (new garage is from an insurance check of old owner, then of course they ran out of money on the new build and left it 85% complete (yes, a shocker to all of you, I know))
Huge rental opportunity of 2 units on one parcel!
home needs some small minor items to get it back in rental shape.
I imagine that the main home would rent for $700-800 and studio for $400-450? = around 1,100 a month!(depends on whom you rent garage parking too.)
Tight inventory, great demand for rentals. up and coming market.
Email any western slope questions you have, love to chat!