Western Slope - 9.5% CAP Delta, CO (69k) (Owner Finance poss.)
Western Slope (near Telluride/Aspen/Grand Junction/Montrose/Ridgway)
$7,000 - $7,500 a year in Gross . (low taxes of just $210 and the tenant would pay all utilities)
<$7,500 - 210 -500 insurance-500 misc costs/repairs = 6,290 /69k =9.1% CAP>
In town, Modern living in a well laid out Condo. Great remodel from 2016 with stone and new floors and upgrades. This is an end unit!!! "Central Flats Condo unit #1" is the name of this complex , Downtown Delta. This could be cheaper than rent: (if you put a loan on this at 5% with 2k down, your payments would be under $385 a month, Please speak to your loan officer) It's a great rental, with income easily over $625 a month if rented. Low taxes under $210 Each unit has its own gas meter and Electric meter, as well as city water meter. NO HOA ! This unit has newer plumbing and a modern layout and lots of light. Forced gas heat.
Newer plumbing and new floors and upgrades like stone and slate and tile floors.
EMAIL/DM me for more pics or link, or just google the mls # below.
Listed by Telluride Realty (CREN MLS #753454)- Elkins Simpson Team