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  • $121,900

    122 W 6th Street, Delta, CO 81416

    2beds
    795sqft
    Stick Built
    Built in 1925
    1,742 sqft lot
    $122,400 Zestimate®
    $153/sqft
    $-- HOA

    What's special

    Income producing 2/1 right in downtown Delta ! 8.1%+ CAP rate **OPPORTUNITY ZONE** Commercial or Residential Townhome near main st,. LIVE-WORK-PLAY in the same condo. SAVE RENT! (this is less expensive than renting) A Newer tile shower and new upgrades like stone and some windows and tile. Some new electrical upgrades in the recent past. Tile shower, newer modern wiring (see pics of ENT surface wiring) This is a small 2 bedroom unit, also with a small mudroom/entryway and also a rear door. The exterior downstairs entrance to the basement could also be used as a shop/office if you clean it up and insulate it. Also a W/D is located in this downstairs storage basement area. Note: This townhome could be less expensive than rent: (*with a bank loan on this at 6.5% with some down, your payments would be under $688 a month, ask your favorite loan broker. ****Please speak to your loan officer) It's a great rental! (the income would easily is currently at $950 per month and has been rented for over a year. (example: $8,400+ in income per year, with low taxes sub $210) Each unit has its own gas meter and Electric meter, as well as city water meter so the tenant pays their full share! NO HOA ! So you can do what you want! This unit has some newer plumbing and a modern layout and lots of light. Forced gas heat. Stainless appliances. , ***THIS UNIT might be OCCUPIED do not approach window/door *** INVESTORS: =8.1% CAP rate ($11,400 in gross income minus taxes -insurance etc ) 585 feet upstairs, 210 in unfinshed basement =795 feet

    Zillow last checked: 7 hours ago

    Listing updated: January 29, 2024 at 01:28pm

    Listed by:

    Scott Elkins 970-708-0494,

    Telluride Realty, LLC

    Bought with:

    Glenn Steil

    Style Real Estate LLC

    Source: CREN,MLS#: 809646MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Features
    • Has basement: Yes
    Interior area
    • Total structure area: 795
    • Total interior livable area: 795 sqft
    • Finished area above ground: 585
    • Finished area below ground: 0

    Property

    Lot
    • Size: 1,742 sqft
    Details
    • Parcel number: 345724117036

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Stick Built
    Condition
    • New construction: No
    • Year built: 1925

    Community & neighborhood

    Location
    • Region: Delta
    • Subdivision: Other
    Services availability
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