401 Broadway, Penrose, CO 81240

Well cared for and maintained income producing property with 4 residential units and 2 commercial units, located in Downtown Penrose Colorado. Storage shed on the backside of the lot for owner/landlords use and a total of 12 parking spaces around the building. The 2 commercial units on the first level facing Broadway, 1 residential unit on main floor has covered patio area and open space for play area and outdoor leisure. 3 residential units on top level, one boasting a large outdoor balcony. The common area between the 3 residential units on the top floor has a coin operated washer and dryer and there is an Laundry Mat located across the street from the building. Fire escape at the rear of the building for the top units that is up to code. Total gross income including coin operated laundry is $47,160 producing a nearly 11% gross Cap Rate with current rents. Commercial Unit A rent=$600/mo, Commercial Unit B rent=$360/mo. Easy access off of HWY 115 to Broadway. Less than a 45 Minute drive to Colorado Springs and Pueblo. About 15 minute drive to Canon City and Florence. Must have a Proof of Funds or Pre-Approval Letter from Lender to view. Must have an Appointment to View.