Duplex & Multi Family For Sale in Cory, CO

1 duplex with a huge(very HUGE) yard/lot, with room to build another building like a ADA or garage w/ apartment. Fully rented with a 6.9% +CAP Rate Projected $2600 + month ( $1,300 + each side =$31,200+ yearly income as a minimum, more like 1,400-1,500 each side High demand rental with history of over 1,300 a month easily per side. One side is remodeled , one side is older. Great historical income and consistent rental demand and income. The large lot makes this unit more valuable. (recent comps in the same area and complex are 390-399k), without the extar lot/area

All 16 units are 2-bedroom 1 bath and tenant pays all utilities. All units have metal roofing and are in the process of having mini splits and metal siding installed. These are low-income units and subject to USDA guidelines. Property is encumbered with a USDA, Rural Development contract with restrictions which stays with the property until 2029.