920 W Main St #A & B, Cedaredge, CO 81413

BUILDING & FINANCES: Gross Scheduled Income $27,840, Net Income/month $1,901, Cap Rate 6.8%. Owner can realize CONSIDERABLE savings and an increased cap rate by going to xeriscaping. The reason for this was the extremely high rate for water charged by Orchard City. The 2021 expenses of $4,428 include the $2,453 paid to Orchard City. / The two units are mirror image of each other, both were completely remodeled in the last 12 months, built in 1993, NEW: cabinets, sink, faucets, countertops, in kitchen/bath, vinyl plank flooring throughout, interior doors, brushed nickel hardware, light fixtures, new stainless-steel microwaves, stoves, and refrigerators, new hot water heaters / Each unit includes Seller-owner washer and dryer / Both units have very desirable baseboard hot water heat / Tenant pays electric, gas, internet (fiber optics available), units have individual meters and hot water boilers for heat, Owner pays water, sewer, trash and exterior grounds upkeep / Has crawl space, new roof 3 years ago / Super strong rental history, first 3 applicants all wanted the last unit up for rent at $1,240/month / Internet is fiber optics, others available. LOCAL AREA: Quiet retirement community with a golf course, lot of fruit orchards, about 2,000 population, at 6,200 feet altitude, this makes it about 10 degrees cooler than Grand Junction or Montrose in the summer / Walkable to park and arts center, restaurants, multi-building Pioneer Town Museum and the newly-extended Surface Creek Trail goes through Town and a Public 18-hole golf course / 5 minutes for services, library, post office, bank, grocery store, pharmacy, doctor, dentist, etc. / 20 minutes from Walmart, City Market, Safeway, and Delta County Memorial Hospital / For additional coolness, you can drive 20 minutes in the other direction to the top of the largest mesa in the world with 300 lakes, forest, and views (incredible recreation-hiking, skiing and snowmobiling, hunting, camping and fishing), relatively undiscovered.